Clients are feeling good, but advisors are staying calm. Buoyed by a big jump in clients’ risk appetite, the Retirement Advisor Confidence Index — Financial Planning’s monthly barometer of business conditions for wealth managers — climbed 2.3 points in December, reaching a five-month high of 54.
One key factor: a 14-point jump in perceived client risk tolerance, bringing that component back into positive territory. (RACI readings of less than 50 indicate declines, while readings of more than 50 indicate expansion.)
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