Financial Planning's Retirement Advisor Confidence Index rose for the second straight month in October, indicating continued optimism among the planning community.

The October index - a monthly barometer of business conditions for wealth managers - registered 52.6%, after readings of 51.6% in September and 48.6% in August, according to a survey of planning professionals. Advisors reported a continued rise in risk tolerance, again shifting client assets into equity-based funds, while decreasing the amount held in cash.

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