RIAs less optimistic about economy and stock market
They have higher hopes for global economy, TD Ameritrade survey finds.
After reaching new highs at the start of the year, optimism about the economy and the stock market has slipped among registered investment advisers, according to a mid-year survey of RIA sentiment from TD Ameritrade Institutional.
Sixty percent of RIAs are optimistic about the U.S. economy compared with 68% in January, while 56% doubt the stock market’s momentum will continue through end of the year, TD Ameritrade said in a release.
By contrast, 64% of RIAs are optimistic about the global economy, compared with 55% at the start of the year.
Nearly half of respondents said a proposed tax plan from President Donald J. Trump would have the greatest impact on their firms; 23% believe the new DOL rule will have a positive impact on their business, while 62% believe it will not affect them at all.
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