Last year was one to forget for US investors. While the benchmark S&P 500 finished 2022 down almost 20%, the tech-heavy Nasdaq 100 shed a third of its value. Meanwhile, the Federal Reserve embarked on a sharp series of hikes which saw rates increase by 425 basis points during the year. All of which has created a hostile backdrop for US financial advisors, whose clients will have seen portfolios fall in value amid ongoing market volatility. So what is the outlook for 2023? Do US advisors expect more turbulence ahead and what do they see as the biggest risks facing their firms? CoreData’s latest report, based on a survey of nearly 500 US financial advisors, tackles these core questions. In addition, it examines how advisors are positioning client portfolios amid the challenging environment and which sectors they think will fare best in 2023.