Nearly 80 percent of financial advisors are optimistic about the capital markets over the next three years and more than one-third of their clients share their optimism, according to Russell Investments' Q4 Financial Professional Outlook survey.
The difference in optimism levels between advisor and client may seem great to some but the survey found, the 'optimism gap,' or the difference between advisor and investor optimism, had actually narrowed to a record low of 43 percent."
The quarterly survey of U.S. financial advisors found that 70 percent of respondents plan to grow their business through client acquisition in 2014, up from 58 percent of advisors in 2012. An additional 57 percent of advisors said they plan to improve their client relationships this year as well, compared to 62 percent in December 2012.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
