Table of Contents
Weekly Digest: November 4th
Election Uncertainty Drives Client Concerns on Economic Policy
As the U.S. approaches Election Day, financial advisors are fielding client questions on potential market impacts, with some clients expressing worry over policy shifts in taxes and fiscal spending under various outcomes. A recent Financial Planning survey found that advisors generally favor a Republican tilt in government branches, anticipating that it could promote stability in taxes and regulation. However, they note that any single-party control could introduce market volatility
WealthTech Update: New Tech Solutions Gain Traction Among Advisors
Wealth management technology is advancing rapidly as firms like Wealth.com secure funding to expand digital estate planning and other services for financial advisors. Other recent developments include Goldman Sachs’ strategic moves to provide enhanced custodial options for RIAs, and Fidelity’s decision to limit third-party access to 401(k) management, underscoring the industry’s growing focus on tech-driven client solutions
Market Optimism Despite Inflation as Fed Eases Rates
Amidst strong market performance and the Fed’s recent rate cuts, many financial advisors report clients feeling cautiously optimistic but are wary of ongoing inflation and potential asset bubbles in tech. Advisors encourage clients to maintain long-term perspectives, balancing growth opportunities with strategies that mitigate downside risks given the macroeconomic uncertainties
