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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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November 19, 2014 Millionaire Fact of the Day


 

 

 

 

November 19, 2014 Fact of the Day:  How much do wealthy investors spend on household staff?

 

Do you know how much wealthy individuals spend each year on household staff?


 

Maybe not as much as you might think.  About 22 percent of the ultra-wealthy…those with more than $25 million…spend “$0” on household staff…choosing to clean their homes and mow their lawns on their own.  Forty eight percent spend less than $10,000 annually.  Sixteen percent spend $10-25,000 and 16 percent spend between $25 to $100,000.  Only 12 percent spend more than $100,000 on household staff annually.