FACO

Data from the February Financial Advisor Confidence Outlook found that President Donald Trump's policies are making advisors rethink portfolio allocations.

Advisors reported that the speed with which President Trump seeks to remake Washington in the first few weeks of his second term also had clients on edge.

Lack of freedom and limited investment choices may be driving advisors at broker-dealers to leave their firms this year.

The most precipitous drop of any category was in asset allocation, as advisors signaled they would be less aggressive with investments in the new year.

"This will be the best economy of our lifetime," said one financial advisor in an unusually upbeat Arizent survey.

At the start of November, wealth managers and their clients stood watching and waiting as America decided its next president.

Despite the increase in overall confidence, election anxiety has remained a potent force for financial advisors and clients.

The prospect of lower interest rates from the Federal Reserve helped buoy outlooks.

However, financial advisors have been trying to ease client fears by taking a longer view.