We published an article right after the presidential election results were in, asking: "Obama Winds. Do Advisors Lose?"Whew! A couple of readers beat up on us. One called us "right-wing nut jobs" but most were more civil statting that since Obama took office, the S&P 500 is up more than 74%. It was a fair question and we surveyed several industry executives and securities lawyers. Here is how the article, by Megan Leonhardt started (would love to hear the forum speak its collective mind on the subject):
President Barack Obama's reelection to another four-year term sets the stage for a broad and significant impact on financial services and the wealth management.
Wall Street and its stakeholders were largely not in Obama’s camp throughout the campaign; in a recent WealthManagement.com poll, 70% of financial advisors said a Mitt Romney presidency would be better for business. The biggest concern? Many think the continuation of an Obama presidency will only bring increasedfor financial advisors, higher, and stifling national debt . . . click here for the rest of the article.
Staff Writer Diana Britton wrote an article, "Some Say Obama Went Easy on You. But Will It Be No More Mr. Nice Guy?" but concluded that Obama, despite the passage of Dodd-Frank, didn't come down heavily for investor protection, but he will now.
What do you think?