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

Tuesday, February 07, 2012 16:12
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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)

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vguettlein
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
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ScottMartin
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
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vguettlein
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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