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Clients contributing more to their retirement funds

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Market gains and politics are prompting clients to invest more money for retirement, advisers said. Equity returns have created a sense of cautious optimism under President Trump, according to this month’s Retirement Adviser Confidence Index — Financial Planning’s monthly barometer of business conditions for wealth managers.

The index grew by 1.6 points to 56.4 after ticking down by 0.5 points the previous month. Risk tolerance also increased after a drop in the prior month, gaining 3.4 points to 56.

Clients contributed more to their retirement plans, bought more retirement products, enrolled in more employer-sponsored plans and paid for more retirement services, advisers said.

“As clients saw the equity market as the best way to invest, they kept putting money into the retirement plans,” one adviser said.