Financial Planning'sRetirement Advisor Confidence Index - a monthly barometer of business conditions for wealth managers - rebounded in January after two straight declines, driven in part by growth in risk tolerance and equity investments.
The index registered 51.4, an increase from the previous reading of 49.8, 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.
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