Uncertainty Casts a Pall Over Investors and Advisors: Nationwide
June 25, 2019 by Michael S. Fischer
Investor and advisor optimism fell at the beginning of this year for the first time in four years, according to Nationwide Advisory Solutions. Investor optimism fell from 62% in 2018 to 55%, and advisor optimism from 66% to 55%.
Nationwide’s fifth annual Advisor Authority study found that 66% of investors and 56% of RIAs and fee-based advisors expected market volatility to increase over the next 12 months, and both groups were recalibrating their financial outlook.
“More than a decade after the financial crisis of 2008, concern about volatility is again top of mind for advisors and investors alike, and uncertainty is on the rise,” Craig Hawley, head of Nationwide Advisory Solutions, said in a statement.
The number of investors who said they had an advisor is trending upward, increasing from 51% in 2016 to 62% in 2019.
The Harris Poll conducted an online study within the U.S. from Feb. 15 to March 4 among 824 adult investors — ranging from mass affluent with investable assets between $100,000 and $499,999 to ultra-high net worth with investable assets of $5 million or more — and 507 RIAs and 514 broker-dealers.
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