Adviser Confidence in Economy Declines

In February, registered investment advisers’ (RIA) confidence in the economy and stock market was down 2% from January, according to Rydex|SGI AdvisorBenchmarking.

While Rydex|SGI’s Advisor Confidence Index (ACI) was up in January, adviser confidence retreated slightly in February, as the U.S. economy showed a lack of job growth, according to the index report. When asked which areas of the economy are causing the largest concern, most RIAs (65%) are most concerned about unemployment, followed by the budget deficit (50%).

Advisers showed the most pessimism for the current economic outlook and the next sixth months, but an increased optimism for the 12-month economic outlook. More specifically, the ACI found the following:

  • current economic outlook (-6.22%)
  • six-month economic outlook (-2.35%)
  • 12-month economic outlook (+3.84%)
  • stock market outlook (-4.32%).

Rydex surveyed 356 RIAs.

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

«