Financial Planning's Retirement Advisor Confidence Index edged down for a second straight month in December, driven largely by a sharp decline in client risk tolerance.
The index - a monthly barometer of business conditions for wealth managers - registered 49.8, down from the November level of 51.1, according to a survey of planning professionals. RACI readings of less than 50 show bearish advisor sentiment on confidence, while levels of more than 50 indicate advisor bullishness.
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