Advisors Want Romney, Resigned to Obama

Although financial advisors largely support Mitt Romney as the next U.S. president, most expect President Obama will serve a second term, according to an SEI Quick Poll on Wednesday. Furthermore, an “overwhelming majority” of advisors say rather than one party gaining control, November’s elections will result in a split government.

An FSI poll conducted in early February, when Newt Gingrich, Ron Paul and Rick Santorum were still campaigning, found 81% of advisors supported Romney over Obama and that about three-quarters would support any other candidate than Obama.

“Regardless of who wins the November election, advisors are keenly aware that what does or does not happen in Washington has a direct impact on the markets and, ultimately, on their clients’ portfolios,” Steve Onofrio, managing director for SEI Advisor Network, said in a press release. “The challenge for advisors is keeping an eye on the shifting global economic and political landscape while still managing every other aspect of their businesses effectively.”