When financial services leaders are no longer confident, where does that leave the rest of us?

That's the question we are left to ponder after reading Grant Thornton LLP's most recent Business Optimism Index, a quarterly survey of U.S. financial services leaders, which reveals that U.S. financial services leaders are lowering their expectations of the US economy. The survey found that 61% of respondents believe the economy will improve in the next six months, down from 72% three months earlier. Meanwhile, 8% believe the economy will get worse, an increase from 3% during the last survey.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.