Ridgeworth

A recent survey highlights advisors thoughts and concerns about these specialized investment managers.

The recovery to date has largely consisted of an inventory correction and a response to various government stimulus programs; very little of it will prove to be organic or sustainable. Consumer spending has proven more resilient than anticipated, but this has come at the expense of savings. The consumer remains over-leveraged and the balance sheet repair process can't rely again on asset appreciation; hence, further gains in spending are unlikely. Meanwhile, capital expenditure plans remain tepid, and the tailwind from the stimulus plan is also diminishing.

?In summary, global asset markets have transitioned from fear at the beginning of 2009 to an environment where government support and intervention have led to complacency and greed. While these powerf