Financial advisors are coaching ... [+] clients both before and after the results are revealed. Conversely, Link also says that the market could also rally if the Republicans prevail, with a known entity in the Trump administration being set up for four more years. When the Trump administration had that unified control, tax reform wasn’t passed until December and didn’t feature everything the President wanted,” Featherngill says. The result of the election could also have an impact on the very way financial advisors work with clients and the ever controversial topic suitability vs. fiduciary standard. This idea has gained steam in some states that felt the Trump administration rules didn’t go far enough to protect investors.

Source: Forbes October 29, 2020 20:37 UTC