RIAs Express ‘Guarded Optimism’ About Market, Survey Says
April 16, 2024 by Ben Mattlin
Seventy percent of RIAs said they expect the S&P 500 to grow by 3% or more in the next 12 months, according to their responses to a survey sponsored by a group including Security Benefit, Greenwald Research, and DPL Financial Partners.
This market optimism, however, is tempered by their concerns about volatility.
Click HERE to read the full story via Financial Advisor
Wink’s Moore on the Market: Hmm…raising my eyebrows at this one.
“Because there is significant worry about the potential for a market downturn, we’re seeing increased adoption of FIAs, fixed annuities and other protection-based products.”
Too bad RIA sales of deferred annuities are only 1.98% of the $105 billion in deferred annuities sold 4Q2023.
That said, this article was ripe with statistics that may interest you. Enjoy! – sjm
