This year, we at FSI are expanding our efforts to spotlight our members’ opinions through regular advisor polls, in an attempt to take snapshots of the mindset of our membership. We completed our first poll last month, focusing on some of the headline political, economic, tax and regulatory issues that will impact you and your clients over the coming years, as well as on your outlook for equities performance and the economy.
Respondents to our poll believe that the Senate will shift to Republican control; that the economy will stay flat while taxes go up; and that the Department of Labor should not redefine the term “fiduciary.”
After all, advisors are on the front lines of securing the financial futures of hard-working Americans, and they have strong and insightful opinions. One of those strong opinions is that advisors do not believe the Department of Labor should be redefining the term fiduciary, which would have the effect of pricing millions of Americans out of advice on their IRAs. The Department would do well to listen to these advisors and keep their expert opinions in mind as they move forward.