Financial advisors voted overwhelmingly for Donald Trump to become the 45th president of the United States, according to a post-election poll just released by the Financial Services Institute.
Of the 1,300-plus advisors polled, 71% voted for Trump, 19% for Hillary Clinton and 10% for a third candidate or declined to say whom they voted for.
FSI President Dale E. Brown congratulated President-elect Trump the day after the election, noting that the trade association for independent financial services firms and advisors stands “ready to work with his administration” to ensure Americans’ “access to objective and affordable financial advice as they save for a dignified retirement, pay for their children’s education and help care for aging parents.”
According to the post-election FSI poll, 86% of advisors said Trump should repeal the Department of Labor’s fiduciary rule, due to take effect in mid-April.
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The FSI is one of nine groups challenging the DOL fiduciary rule in a case pending before the U.S. District Court for the Northern District of Texas.
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Earlier this month, two other challenges to the rule in federal district courts – in Washington, D.C. and in Kansas – failed in their requests for a preliminary injunction against the DOL rule.
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