In the News

Title

Trump's Win Means Little for Retired Clients

Document Type

Article

Publication Date

1-25-2017

Abstract

Although 53 percent of advisors are telling their retired clients to "stay the course", 53 percent also said Trump's win "increased their concern somewhat regarding the future retirement security of their retired clients," according to a survey by The American College of Financial Services. Not surprisingly, the same survey found only 5 percent of advisors are encouraging retired clients to invest more heavily in the market, and half of advisors are rebalancing their retired clients' investment mix to lock in gains and reduce risk.