After two months of modest gains, Financial Planning's Retirement Advisor Confidence Index - a monthly barometer of business conditions for wealth managers - slipped for October, driven by declines in equity investments and greater allocations to cash.

The index registered 51.1, a drop from the October level of 52.6, according to a Financial Planning survey of planning professionals. RACI readings below 50 show a decline relative to the prior month, while more than 50 indicate expansion.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access