Brinker Barometer: Hoped Change in Administration Would be Catalyst for Economic Recovery
BERWYN, Pa.–(BUSINESS WIRE)–Brinker Capital, a leading investment management firm, today made public the results of its “election special” Brinker Barometer, a quarterly survey that gauges the confidence and sentiment of financial advisors regarding the economy, investing and market performance. Given the proximity to the presidential election, the fall Brinker Barometer focused almost exclusively on advisors’ reactions to the presidential race.
“Barometer results over the past several quarters have consistently shown that the greatest concern of respondents related to the 2012 presidential election was four more years of an Obama administration,” said John Coyne, vice chairman of Brinker Capital. “With the election now over, those who had hoped for a change in administration are going to want to see lawmakers on both side of the aisle quickly set aside partisan differences and work together to resolve key tax, spending and other regulatory issues.”
A Closer Look at the Findings
Regarding the issue of tax cuts put in place by George W. Bush’s administration, the majority of advisors (53%) believe that current tax rates are on target. Just 14% said today’s tax rates are too low and 33% feel they’re too high. The vast majority of advisors (88%) believe that Governor Romney was the candidate most likely to continue the Bush-era tax cuts. Of note, both presidential candidates proposed cutting corporate income taxes, a move favored by some 70% of Barometer respondents.
Turning to healthcare, when asked if they were in favor of Rep. Paul Ryan’s proposed Medicaid plan, 56% of advisors said “yes,” despite noting the plan’s potential to exclude many elderly, poor and disabled Americans from receiving health care coverage.
The state of the economy and how well their clients are faring financially was top of mind with respondents. When asked if financially-speaking their clients are better off, worse off or about the same as this time last year, 48% of advisors noted “about the same,” with 34% saying “better off.”
The numbers are somewhat different when asked the same question about the US economy; 36% of advisors say it’s “worse off” and 26% believe it’s in a better place. Finally, compared to this time four years ago, respondents are almost evenly split, with 44% noting the economy is “worse off” and 41% saying it’s “about the same.”
About the Study
The Brinker Barometer was conducted online by Brinker Capital in October 2012. Results are based on responses from 455 advisors affiliated with insurance companies, independent broker-dealers and in sole practice. The study’s copyright is held by Brinker Capital.
About Brinker Capital
Brinker Capital, Inc. is a leading independent investment management firm which provides managed account investment programs to individual and institutional investors through financial advisors. Brinker was founded in 1987 by Charles Widger and is located in suburban Philadelphia. Learn more at www.brinkercapital.com and www.twitter.com/BrinkerCapital.