Advisors Would Prefer Any Republican To President Obama By A Wide Margin

Tuesday, February 07, 2012 16:12
Advisors Would Prefer Any Republican To President Obama By  A Wide Margin

Thirty-eight percent of independent advisors believe the economy will recover in 2012, while 55% say it will show no growth, and a large majority of advisors prefer any of the Republican candidates for President to Barack Obama, according to a survey of nearly 3,000 independent advisors by the Financial Services Institute.

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While the survey results are interesting, what more striking is that FSI suddenly is a source of information on what independent advisors think. With 35,000 members, FSI is now bigger than the Financial Planning Association, which has about 24,000 members.

In a race between Republican frontrunner Mitt Romney and President Obama, just 19% of advisors polled favor Obama and 81% would vote for Romney, according to the FSI survey.

Advisors would elect Ron Paul over Obama by a 72% versus 28% margin, FSI reported, while advisors favor Rick Santorum by a 75% to 25% margin over Oabama and Newt Gingrich by a 74% to 25% majority.

By a 72% to 28%, FSI said its members are against the Department of Labor redefining the definition of a fiduciary, an area of contention among groups representing different segments of the independent financial advisor business.

Comments (4)

We would vote for Donald Duck if he were on the ballot. (I understand Mickey Mouse may have signed a voter registration card in Chicago during the last election cycle, so he surely can't be trusted.)
vguettlein , February 07, 2012

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Would any of you mind sharing your opinion of why so many independent FA's favor one party over the other by such wide margin?
This e-mail address is being protected from spambots. You need JavaScript enabled to view it , February 08, 2012
I'll hazard a guess, Coach. Not sure about this particular survey, but a lot of them encourage the advisor to respond with his or her professional "hat" on -- they're thinking "who would be best for the markets and for my clients?"

With that in mind, people are nervous about federal spending and tax rates and see a second Obama term as more likely to boost both. There's also a sense that Obama is the candidate of Dodd-Frank and expanded regulation, which doesn't exactly make a lot of advisors happy about their own prospects.
ScottMartin , February 08, 2012
If George Bush was Barack Obama, coach, I'd still prefer to vote for Donald Duck. For me, it's not a party politics thing. It's not just an advisory thing, either. I don't believe massive government growth and Socialism (Western or Eastern) is a good idea for our country, no matter who is driving it; it's a failure everywhere it's tried.
vguettlein , February 08, 2012

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