Apparently, 1,023 registered investment advisors were surveyed recently by a company named Advisor Benchmarking, Inc.. The idea of the survey was to see whether or not the red-hot market performance of the 1990s was still coloring the expectations of advisors and their clients. Some survey results:% of advisors who said their clients' expected returns are realistic: 62%
% of advisors who said clients' market expectations are unrealistically high: 33%
% of advisors who expect a long-term, secular bull market in upcoming years: 50%
% of advisors who expect a directionless or sideways market: 31%
% of advisors who expect a secular bear market: 13%
Survey data from article entitled "Advisors: Clients Are Lowering Expectations," in the February 2005 issue of Investment Advisor magazine.