Nearly 80 percent of financial advisors are optimistic about the capital markets over the next three years and more than one-third of their clients share their optimism, according to Russell Investments' Q4 Financial Professional Outlook survey.
The difference in optimism levels between advisor and client may seem great to some but the survey found, the 'optimism gap,' or the difference between advisor and investor optimism, had actually narrowed to a record low of 43 percent."
The quarterly survey of U.S. financial advisors found that 70 percent of respondents plan to grow their business through client acquisition in 2014, up from 58 percent of advisors in 2012. An additional 57 percent of advisors said they plan to improve their client relationships this year as well, compared to 62 percent in December 2012.
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