While an unconcerned bull market roars, advisors worry about the government.
According to the most recent Fidelity Advisor Investment Pulse survey released on Monday, the unsteady political climate and shifting regulations remained advisors top concerns for the first quarter of 2017.
When asked to select among 14 different potential issues of concern, 24 percent of Fidelity’s respondents named topics relating to the government and its interaction with the economy. According to Fidelity, many of these responses specifically focused on the Department of Labor’s fiduciary rule, which is slated to become applicable on June 9, despite being subjected to numerous challenges in court, from the administration of President Donald Trump, and from Congress.
Concerns about the government and the economy declined from the fourth quarter of 2016, when they were named by 32 percent of Fidelity’s respondents.
Portfolio management was the second biggest topic of concern for advisors, named by 18 percent of the respondents, a decline from the fourth quarter of 2016 when 26 percent of respondents named portfolio management as a concern.
Fidelity found that interest rate policy vexed 16 percent of its respondents, enough for the third largest concern for advisors in the first quarter of 2017.
Source: FA Magazine