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Clients back away from risk amid Trump-era uncertainty

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Clients’ optimism about the economy since Election Day has given way to concern about the future amid falling fees for retirement planning, advisers said.

Both demographics and politics prompted greater caution, according to this month’s Retirement Adviser Confidence Index — Financial Planning's monthly barometer of business conditions for wealth managers.

To put it another way: “Clients are worried about everything,” one adviser wrote.

The index ticked down 0.6 points to 56 while clients’ perceived risk-tolerance level fell 7.7 points to 58.5. Both indicators remain in positive territory.