Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Economy & Markets

Obama's efforts thus far: not good enough, advisors say

X
Your article was successfully shared with the contacts you provided.

In the eyes of financial advisors, President Obama is off to a sluggish start – and quite simply, he has a lot to accomplish.

First, the economy. Brinker Capital’s latest “Brinker Barometer” indicates Congress’ most important area of focus – according to financial advisors – is on fixing the economy, then on to Social Security (33 percent), followed by alternative energy (28 percent), securities regulation (22 percent) and Medicare (17 percent).

As for the president’s stimulus plan and his recent efforts to improve the economy, advisors gauge his performance a “C” at best. Forty-three percent of advisors say job creation needs to be a top priority for the government’s long- and short-term stimulus agenda, followed by tax cuts.

“Financial advisors continue to be concerned about the state of the U.S. economy and are critical of the Obama Administration’s efforts to introduce a meaningful stimulus package,” said John Coyne, president of Brinker Capital. “Fully 77% of respondents say the final stimulus plan will not be effective, while 88% of advisors contend that the plan itself was not the product of a bipartisan effort.”

What to do about retirement plans? Eighty-four percent of advisors say no to automatic enrollment requirements.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.