Retirement Advisor Confidence Index: Planner Confidence Growing
October 1, 2012 2:12 PM
Retirement Advisor Confidence Index: Planner Confidence Growing
In a bullish sign for the planning industry., Financial Planning's Retirement Advisor Confidence Index - a monthly barometer of business conditions for wealth managers - rose in October.
The RACI is comprised of 12 factors - including asset allocations, investment product recommendations, client recruitment and retention, economic and risk factors, taxes and plan fees - to track trends in wealth management business cycles.
The RACI is comprised of 12 factors - including asset allocations, investment product recommendations, client recruitment and retention, economic and risk factors, taxes and plan fees - to track trends in wealth management business cycles.
Retirement Advisor Confidence Index
The reading of 51.6, an increase of 2.9 points from the revised September level, shows an improved outlook for the retirement planning industry despite election jitters.
Client Risk-Tolerance Level
The reading of 50.6, up a solid 6.3 points from September, indicates planners' clients are more amenable to taking on risk in their portfolios.
Clients Assets Used to Buy Equity-Based Securities
The reading of 55.6, up 4.6 points, finds planners are boosting allocations to stocks, emphasizing potential returns over potential volatility.
Clients Assets Allocated to Cash
The reading of 42.7, a decline of 7.8 points in this contrary indicator, shows planners are putting more cash to work.
Advisor Retirement-Plan Fees
The reading of 52.6, up 2 points, shows advisors feel bullish about raising fees.
