Close Close

Life Health > Running Your Business

Survey Finds Advisors Leery Of Democratic President

Your article was successfully shared with the contacts you provided.

Financial advisors tend to be more concerned about a Democrat being elected president than about any other issue this year, an investment management firm reports.

Asked what their top 2008 economic worry is, 22% of financial advisors cited the idea of a Democrat entering the White House, according to Brinker Capital Inc., Berwyn, Pa.

Only 3% listed the idea of a Republican serving in the White House as their main worry.

Global unrest and U.S. economy each were the top worry for 15% of respondents, and recession and terrorism were the top worry for 13% each.

The value of the dollar was the top worry for 6%, and inflation was the top worry for only 3%.

About 53% of the advisors gave President George W. Bush a grade of C and 33% gave him an F, but many said they are worried about the effects of a Democratic administration on the capital gains tax, income taxs and preferential treatment of dividends.

About 74% of the advisors said they are confident about the economy, while 17% expressed little or no confidence in the economy.