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Featured Advisor



Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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Spectrem Affluent Household Outlook Reaches Pre-Recession Highs

The Spectrem Affluent Household Outlook, a monthly measure of Affluent investor confidence in financial factors that impact their daily lives, posted its highest reading in September since April 2007


The Spectrem Affluent Household Outlook gained 5.5 points in September to 29.90, its highest reading since April 2007. This is the highest month-to-month gain since last April-May, and the first time since May that all of the components of the Outlook posted positive readings.

The Spectrem Affluent Household Outlook is a monthly measure of Affluent investor confidence in four financial factors that impact their daily lives.  Household Income gained 8 points to 29.20, the highest reading since December 2007. Household Assets gained 6.8 points to 56.60, while the Economy gained 4.8 points to 14.40, an eight-month high. Company Health gained 2.4 points to 19.20, also the highest reading since December 2007. Company Health and the Economy have each posted steady increases for three consecutive months.

Year-over-year, the Spectrem Affluent Household Outlook is up 11.40 points.

Spectrem Group further breaks down Outlook measurement by Millionaire and non-Millionaire households. The Millionaire Household Oulook gained 5.09 points in September to 31.15. The increase was driven by a surge of confidence in the Economy, which gained 16.01 points to 23.81, a 12-month high, and the highest month-to-month increase since last December to January.

Household Income gained 4.46 points to 28.57, a four-month high, while Household Assets increased 4.04 points to 57.94. Company Health, however, fell 4.15 points to 14.29, a three-month low.

The Millionaire Household Outlook has posted positive readings for all its components for the past 12 months, but year-to-year, the Millionaire Household Outlook is down 4.04 points. This is the first time there has been a year-to-year decline in the SMICI since April, 2013, which was down 10.35 points from 2012.

The Non-Millionaire Outlook gained 6.38 points in September to 28.63, the highest reading since February 2006. Driving the increase were double-digit gained in Household Income (12.41 points to 29.84, the highest reading since May 2011, and Household Assets (10.7 points to 55.65, a three-month high). Company Health gained 9.51 points to 24.19, another 40-month high. But Economy fell 7.09 points to 4.84.

Year-to-year, the Non-Millionaire Outlook is up 33.89 points.