Nearly half of financial advisors believe the upcoming elections have created “fear and uncertainty” among their clients, according to an SEI Quick Poll released Friday.
With four days to go until elections, the top issues weighing on their minds, according to advisors, are continued unemployment, the potential for a double-dip recession, pending tax changes and budget deficits.
“When there’s fear and uncertainty among investors – whether caused by an election or otherwise – we tell advisors to do one thing and do it well: Communicate with clients,” said Steve Onofrio, managing director of SEI Advisor Network, in a statement. “Investors have many worries today and an advisor’s role is to proactively communicate to clients and provide the necessary advice to ensure that they are on track towards meeting their goals in any environment. SEI has developed automated tools to help make this process easier and more efficient for advisors.”