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Featured Advisor

Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management


State: IL

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, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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DC Participants and their Investments

Risk tolerance is low and advisor usage is slight among DC plan participants.

| BY Kent McDill

Defined contribution plan participants are concerned enough about their futures that they put money into their retirement accounts for a rainy day.

But they are also careful with their disposable income, which may be why they tend to avoid using advisors to help them with their investment decisions.

Spectrem’s newest study of DC plan participants, Financial Attitudes and Concerns of Retirement Plan Participants, looks at how participants lean in terms of risk tolerance, advisor usage and knowledge of finance and investments.

These are careful people for the most part, which is why 69 percent identify themselves as either moderate or conservative in terms of risk tolerance. Fifteen percent put themselves in the conservative group. Twenty-nine percent consider themselves aggressive and 2 percent put themselves in the most aggressive category.

(For more information from Financial Attitudes and Concerns of Retirement Plan Participants, click here).

Those percentages relate to the percentages of defined contribution plan participants when they rate their knowledge of finance and investments. Thirty-six percent say they are not very knowledgeable, and 9 percent say they are not at all knowledgeable. Forty-two percent consider themselves fairly knowledgeable, while 13 percent think they are at the top of the heap in terms of finance knowledge.

Whether it is because they don’t know enough to ask the correct questions, or they consider it an unneeded expense, plan participants are reticent to use financial advisors. Almost 60 percent consider themselves self-directed investors, who make their own investment decisions without the assistance of an advisor.

Another 30 percent are event-driven investors, using financial advisors only in the case of big issues like retirement planning. Only 12 percent of plan participants are active users of financial advisors, and only 5 percent consider themselves advisor dependent.

With all of their concerns, plan participants are optimistic about their investments and retirement accounts. Sixty-five percent say their financial situation is better today than it was one year ago, and 72 percent said they expect their financial situation to be even better one year from now.

Still, only 52 percent say they expect to have sufficient income to live comfortably during retirement.

About the Author

Kent McDill

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.