This transcript is automatically generated
-- just days away here from these billions an automatic spending cuts.
And in the -- Brinker capital survey 65% of financial advisors say congress need to put aside its differences and make decisions for the good of the nation.
John Coyne is the president of Brinker capital joins us exclusively with more what's on the lines of the country's financial advisors John welcome to you.
Thank you -- great to be -- so it's interesting really if he changed right a huge change.
In the way that that survey respondents -- finding money managers are thinking about the economy and politics right now.
It really is as you remember November 5 was the last day I was here and there was a real.
Move to see a change in the White House.
Are coming at -- very partisan really coming on strong and now what we see is it whether it's exhaustion and then bear in -- this survey was done before sequester.
So this is just a general feeling -- what they'd like to see is on the one hand 60% of advisors would really like to see the president.
Do something about the ballooning entitlements.
Wanna see congress take a step towards the president in coming together with a compromise that both sides can -- it.
So basically you're spot -- wanna see the president and congress work it out there exhausted.
This fighting this never ending can kicking if you will one -- after the other.
Really think about investors that they have to deal with all the time and the anxiety that this continually create it seems like we go through it on the quarter by quarter basis.
And that's really why we think we starting to see a change in how advisors are sinking.
One of the things that really fascinated me was that almost 80% of advisors.
Are now using a personal benchmark household benchmark for how their clients are succeeding or not what is that exactly is -- compares to say the broad market index the S&P 500 only 17%.
Of advisors are judging the success of their clients investing.
On the S&P 500 -- the Barkley sag of the misty now what they're saying this.
-- my kids going to be able to college.
Am I going to be able live comfortably in retirement.
These are the types of things that are on their -- also in the survey I was reading ahead of our interview that investors are going absolute return they love equities.
It's almost like they're separating themselves from the federal government in all of this going on in Washington would you agree with that assessment totally I think they're tired of them.
I think what they're doing is trying to take their life into their own hands one of the ways that they're doing that is did use of absolute return.
We never talked about absolute return and -- less you're talking about and endowments and foundations five years ago.
But what came out of the 0809 crisis.
Was a real focus for investors.
On show me how to keep positive show me how to moderate my volatility where they increasing their investment allocations and where are investors increasing right now we're seeing one out of every four dollars -- comes into our farm going into absolute return strategies.
Okay which is telling us.
That this is becoming -- stocks alternative investments are in combination of net income funds I mean you name it -- well obviously we learned yeah we're really excited 85% advisors are very bullish on the market and we see that reflected obviously.
In what we've seen from equity flows in -- the fourth quarter in the first quarter so we think that advisors are bullish on equities -- bullish on emerging markets.
Less so about fixed in their cut fixed income right now they're neutral.
And their bearish on developed country equities and on private equity.
Very good John Cohen thank you so much Brinker capital present bring us the latest survey results.