Podcast Center
Video Center
Webcasts
Resource Center
Events
August 17, 2017 at 11:29 PM
The latest Eaton Vance Advisor Top-of-Mind Index (ATOMIX) Survey results are “more uncertain than we’ve seen” in past results, according to John Moninger, managing director of retail sales at Eaton Vance Distributors.
Moninger stopped by ThinkAdvisor’s New York office to discuss the quarterly survey of more than 1,000 financial advisors that was released Wednesday.
The survey finds that advisor and client concerns dropped this quarter as markets rallied and volatility subsided. However, as Moninger points out, the survey also finds that there is an underlying feeling of wariness heading into September.
Fifty-three percent of advisors said their clients were still motivated by fear more than greed, but that’s a stark contrast to Q3 2016, when 82% said fear was their clients’ top motivator.
While investors’ fear is subsiding, advisors are describing their clients as anxious and wary. For the first time on the survey, advisors were asked, “how do you define advisor sentiment?” and 46% of advisors described investor sentiment as anxious. Second on the list was “wary.”
“They’re operating from a place of less fear … yet, they’re anxious and wary about the future of the markets. That’s interesting,” Moninger told ThinkAdvisor. “To me, you’re in a place where there’s a lot of unknowns going on. Which I think is what you’re feeling in the markets and certainly what you’re feeling with investors.”
Managing market volatility regained its position as the top focus for advisors despite falling to 110.5 on the index, well below its peak of 129.7 in Q3 2016.
The survey found that 72% of the advisors surveyed believe the U.S. political environment will be the biggest source of market volatility for the remainder of the year, which Moninger said is “no surprise.”
