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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> bearish

Optimism rising among independent FAs, says Schwab

Posted by RJ and Makay on Mar 08, 2011

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Optimism Rising Among Independent FAs, Says SchwabIndependent financial advisors (FAs) are generally feeling very good about the securities markets and economy, suggests a recent survey by Charles Schwab.

Among more than 1,300 independent FAs surveyed, 77% expected the S&P 500 to rise in the next six months — a 14-point improvement since the last Schwab survey in July. Similarly, 56% of respondents described themselves as bullish on the stock market six months out while only 10% said they're bearish.