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Well it's all about the economy in a recent Brinker capital -- -- -- economy was the biggest.
Decisive factor among financial advisors in this year's presidential election timing -- what else is on -- finds these days.
An exclusive interview is -- -- president John point.
-- so nice to meet you yes you follow the exit polls from the primaries over the last year I mean everyone said the number one issue they're voting on is the economy seems that's reflected in your line of work is while.
It is and I think -- what's really fascinating is that.
The focus on the -- resting with the Obama fully 70% of all advisors.
Feel the president Obama's handling of the economy.
Has really been behind why we're struggling and that is their greatest fear in the upcoming elections that he will be reelected.
-- -- these people than -- are they going for -- -- that as I thought I might ask it seems that they are going for Romney.
I believe that they feel that the Republicans can are in the best position to handle growing the economy I think.
Clearly we had 66.
Four advisors to address in terms of what is the economy doing.
We had no way answers to five of them when it was all all -- all 96%.
Also the economy.
The headline today.
Water cooler talk is this fed report on -- household income dropping to levels not seen since the late ninety's.
Dollars a year is that it is the average household income down from over 120000 dollars a year.
Just five years ago I mean it's jaw dropping what's gone on.
Since the recession and how the economies contracted -- unemployment has sort what does this tell you about what your next surveys going to show.
Well this you know this was done prior to may including prior to -- fantastic month for the stock market are exactly great month for the stock market until we got the eight point 2% rise.
That really kind of that combined with Europe really did put the brakes on on where we saw the market's going to now we see obviously very choppy market.
That's taking place advisors.
Vote with a there -- claw their clients' assets and they moved quite a bit and continue to move quite -- -- -- -- That's an indication of fear.
The behavioral finance that's gonna be triggered by this 40% report.
That decline in the standard -- living or net worth.
Is really very visceral to this audience advisors care deeply about the quality of the life that they create for their investors and I think you see that while this survey done prior to this report.
Indicated they felt.
By over 90%.
That their clients -- as well off or slightly better than they had been when we did this reporting year ago.
But now I think we're going to see that the anxieties going to creep back in and I think or third quarter report is going to be very different.
Do you think -- -- hinges to you have to get to the presidential election before we get some clarity and maybe a little more optimism worked -- what one of the biggest anxieties they had was Europe.
And I said that the biggest issue for the last twelve months has been the European economic crisis.
So I think in combination.
I think what advisors are really waiting for and investors.
Is to get some clarity around what is going to happen.
With the European central banks.
I think that the economy's.
Create confidence confidence says that we're gonna put more factory orders and confidence said let's make that higher and right now I don't hear that from top to bottom across all investors.
I don't want thanks for sharing findings assessments -- a little bit more optimistic little better -- but they're realistic nonetheless the -- -- thanks and for sharing your your house this with us thank you Laurie.