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Optimism rises post-election

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As the dust from the presidential election settled, advisers reported a significant increase in their clients’ appetite for risk.

Increased optimism about the regulatory landscape and economy boosted this month’s Retirement Adviser Confidence Index — Financial Planning’s monthly barometer of business conditions for wealth managers — 7.6 points and back into positive territory at 55.5. The index has reached its highest point in a year.

Client risk tolerance rose 19.8 points to 56 from 36.2, easing comfortably back into positive territory. Many advisers reported the leap in client confidence was the result of the election outcome.