Financial advisors are much more pessimistic now about the economy than they were in early 2011, a survey by MFS Investment Management found.
Nearly three-in-10 advisors said they were pessimistic about the outlook for the U.S. economy over the next five years, up from just 7% in February. The survey included responses from 644 financial advisors licensed for at least three years and who have at least $500,000 in annual mutual fund sales, as well as from 929 investors with a minimum $100,000 in investable assets.
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