Financial professionals are expressing more confidence than millionaire investors are expressing about the economy, the stock market and the real estate market.

Fidelity Investments Inc., Boston, has published that finding in a summary of results from two surveys.

One survey included a sample of participants from about 1,000 U.S. households with $1 million or more in investable assets, excluding workplace retirement accounts and any real estate holdings.

A second survey included 1,046 financial professionals from independent broker-dealers, national brokerage firms, registered investment advisors, insurance companies, banks and regional broker-dealers.

Fidelity asked the survey participants to express confidence on a scale of 0 to 100, with 100 representing the most favorable possible outlook.

Financial professionals rated the stock market at 60, the economy at 57 and the 12-month outlook for the real estate market at 29.

Millionaires gave the stock market a rating of 39, the economy a rating of 38, and the real estate market a rating of 17.

Financial professionals gave annuities a rating of 60%; millionaires assigned the products a rating of just 13%.

- Warren S. Hersch

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