The number of retirement advisors fearing they will have to battle clients' aversion to risk, especially with rising strife overseas, is about twice as large today as it was last year, according to Hartford Funds.
Respondents to a Hartford survey of more than 100 advisors indicated that they are largely split over whether anxiety has caused clients to make poorer investment decisions over the last year, with 52 percent saying it has and 48 percent saying it has not.
While this is 5 percent fewer advisors who say that anxiety has caused a negative reaction from clients, they're not so sanguine about clients' risk-aversion — with 35 percent believing that clients will become more risk-averse in the coming year. That's a lot more than last year, when only 17 percent of advisors believed risk-aversion would be the negative factor to be addressed.
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