Americans are divided over Donald Trump, and wealth advisors are no exception, with a recent poll showing that 49.2% approve of his performance and 46.7% disapprove, InvestmentNews writes.
Advisor Approval Ratings and How They’ve Changed
The results of the poll, conducted by InvestmentNews between September 17 and 21, show how approval has varied over the course of Trump’s presidency, according to the publication. The same study in February showed 51% approved and 44% disapproved of the president’s performance, compared with 36% vs. 60% and 41% vs. 52% in July and April 2017 respectively, InvestmentNews writes.
The InvestmentNews poll also asked readers whether Trump had grown into the office, according to to the publication. Compared to when he entered office, 39.8% of respondents said they're more confident, whereas 43.9% said they were less confident, shifting from 40% vs. 29% in February, according to InvestmentNews. Last year, it was a different story, with 56% of respondents being less confident and 21% more confident in July 2017 and a 43% vs. 29% in April 2017, the publication writes.
Up until the recent market turmoil, there has been an upward economic trend under Trump, but, according to Diahann Lassus, president of Lassus Wherley, this began under Obama, InvestmentNews writes. Furthermore, Trump’s policies don’t benefit low- and middle-income workers, Lassus tells the publication. Other advisors admit that the markets have responded well to Trump, but are uncomfortable with some of his conduct and the way things are being done, according to InvestmentNews.
Of those who reported voting for Trump in the April 2017 InvestmentNews survey, 46.6% said they would vote for him again in 2020 and 47.7% said they wouldn’t, the publication writes. This is compared to 52% vs. 48% in February 2018 and 39% vs. 61% in July 2017, according to InvestmentNews.
