A majority of advisors are optimistic about capital market conditions over the next three years, but only 7% of those advisors believe their clients are optimistic, according to a quarterly survey from Russell Investments that was released Wednesday.
Advisors, 59% of whom are optimistic about market conditions, say this lack confidence among their clients has become a major concern. Seventy-eight percent of advisors responding to the survey say that clients see economic uncertainty and slow economic growth as an impediment to reaching their financial goals. Sixty-one percent think that market volatility concerns their clients.
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