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RIAs’ economic optimism holds steady, but concerns are brewing

Leo Almazora
July 11, 2024

While RIAs are still leaning towards tempered optimism on the economy, they’re also expressing heightened concerns about inflation and market volatility, according to the Second Quarter Economic Outlook Index by Security Benefit.

The second edition of the quarterly pulse research, put together in partnership with Greenwald Research and DPL Financial Partners, found that RIA sentiment on economic conditions maintained a steady score of 58 on a 100-point scale, with 0 being “extremely pessimistic” and 100 signaling an “extremely optimistic” view.

While the stock market has been overwhelmingly Zenlike over the summer so far, that could be the proverbial calm before the storm as half of the surveyed advisors expect the stock market to get choppier sometime over the next 12 months compared to 2023.

“With the 2024 US presidential election ahead, many RIAs are not concerned about a major equity market downturn over the next 12 months,” Mike Reidy, national sales manager for Security Benefit’s RIA channel said in a statement. “However, they do anticipate that the market will experience a higher level of volatility than experienced in 2023.”