Those in industries “exposed to cross-border trade” face the clearest hit to household finances and future planning, he said.
The poll also points to a generational shift.
More than one-third (37 percent) of advisors believe younger investors will pay closer attention to global developments and geopolitical risks, while 26 percent expect them to grow more cautious and diversify differently than previous generations.
One advisor said geopolitical uncertainty is “showing up in more conversations with younger investors,” many of whom absorb “a constant stream of headlines” on social media.
Their goals have not changed, the advisor said, but they increasingly question “whether they should wait to invest.”