Investors with at least $1 million in assets are confident in their advisors’ ability to help them meet their goals, even though they are not bullish in the overall market, according to two new companion studies conducted by Charles Schwab Advisor Services.

The first, the 11th semi-annual Independent Advisor Outlook Study, surveyed almost 900 RIAs representing $204 billion in assets under management. It found that 45% of independent advisors are bullish about the market in the six months. However, a second, first-time survey of 504 high-net-worth investors found that only 29% are bullish about the market.

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