From the March 2012 issue of Investment Advisor • Subscribe!

Advisors Weigh In on Presidential Race

A recent poll of individual advisor members of the Financial Services Institute (FSI) found that those representatives overwhelmingly believe former Massachusetts Governor Mitt Romney will win the Republican presidential nomination, the Senate will shift to Republican control and that the economy will stay flat while taxes will go up. The 3,000 advisors who responded to the FSI poll also say that the Department of Labor (DOL) should not redefine the term “fiduciary.”

FSI asked its advisors 10 questions. Here’s how the responses played out.

Survey Results:

Who do you believe will be the GOP presidential nominee (not who do you want to win, but who will end up winning)?

Mitt Romney........ 2,613.......... 90%

Ron Paul.................. 22........... 1%

Newt Gingrich.......... 248........... 9%

Rick Santorum.......... 32........... 1%


If the election was held today, would you vote for President Obama or Mitt Romney?

President Obama.... 536......... 19%

Mitt Romney........ 2,356.......... 81%


If the election was held today, would you vote for President Obama or Ron Paul?

President Obama.... 804......... 28%

Ron Paul............... 2,041.......... 72%


If the election was held today, would you vote for President Obama or Newt Gingrich?

President Obama.... 753......... 26%

Newt Gingrich.... 2,102.......... 74%

 

If the election was held today, would you vote for President Obama or Rick Santorum?

President Obama.... 718......... 25%

Rick Santorum..... 2,152.......... 75%


Will the U.S. Senate stay in Democratic control or shift to Republican control?

Democrat................. 901......... 31%

Republican........... 1,996.......... 69%

 

Do you believe capital gains taxes are heading up or down?

Up......................... 2,605.......... 91%

Down........................ 273........... 9%

 

Do you believe 2012 will be a strong, neutral or weak year for equities performance?

Strong................... 1,047......... 36%

Neutral................. 1,621.......... 56%

Weak........................ 252........... 9%

 

Do you believe the DOL should redefine the definition of fiduciary for financial advisors giving advice on IRAs?

Yes........................... 798......... 28%

No......................... 2,078.......... 72%

 

Will the U.S. economy recover in 2012, stay flat or worsen?

Recover................. 1,126......... 38%

Stay flat................ 1,618.......... 55%

Worsen                181         6%

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