Risk is back on the outs. After a one-month bounce propelled largely by a rise in risk tolerance, the Retirement Advisor Confidence Index - Financial Planning's monthly barometer of business conditions for wealth managers - fell in September to a reading of 52.5, the lowest level this year.
Not only did risk tolerance drop 8.7 points, after a 10-point jump the prior month, but advisors also reported slower growth in fees charged for retirement services and in client participation in employer-sponsored retirement funds.
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