COOKIE POLICY | PRIVACY POLICY | DISCLAIMER



Tel: 01403 780 770

Building and protecting your wealth

FEATURED: What my client’s are asking about Brexit

darren-monthly-investment-updateLatest financial and investment news

In light of the EU Referendum results last week, many of my clients have contacted me to discuss their financial affairs, in the wake of the Brexit win. What are my client’s asking? And what is our broad guidance at this early stage?

 


This does not constitute advice and advice should be sought in all instances before acting on it.


post-brexit-keep-calm-carry-onDon’t panic!

It is only natural to panic, at least a little, when huge economic and political decisions take place, such as those the UK is experiencing now. Particularly, as the media often portray contradictory messages and can hyperbole the details around sensitive areas, causing distress when it isn’t necessary.

The immediate slump in the value of the pound was expected following a Brexit result however, when it becomes reality, it can still be a shock.

Looking at the FTSE it’s not actually down that much, and we’ve had volatility for two or three years, so that’s not new.

Whilst this is the first time that the UK is poised to leave the EU, it is important to remember that we have been in similar turmoil before, in 2008 and 2011, to mention a couple of more recent events.

Common sense can be thrown overboard at times like this and matters may take time to digest. How long could depend on the nature and complexity of your financial portfolio.

Advice firms, including our own, are first and foremost telling clients not to panic in this period, during which the wider market and policymakers will work out the next steps for the UK’s relationship with the European Union (EU).

It could take some time, so for now it is business as usual.


Looking for reassurance

Most of my client’s are sensible and level-headed, so they understand that markets tend to work in cycles.

On the whole, most clients who have picked up the phone are simply looking for reassurance. They ask the broad questions such as “How will the Brexit affect my mortgage?” and “Should I reconsider my investments in light of the result?”.  Others ask, generally “Is there anything I need to be worried about?”. 

We are pleased that our clients are making contact with us to discuss their questions and concerns, as we are in the position not only to reassure them, but also to review their portfolio and start to discuss how this change of course could affect them.

Generally, we have also been working with our partner firms in the last few months to prepare for either result.


Continue to focus on your financial priorities

Whether you voted Brexit or Remain, the wheels are in motion and the rest is largely out of our control.

The problems you faced last week are the same as you face today. Your financial priorities also remain the same.

post-brexit-focus-financial-prioritiesMy client’s have a focus on planning for their retirement, putting their children through school, passing money through generations tax efficiently and getting the best rate on their mortgage, amongst other things.

This is what you should continue to focus on whilst things pan out in the government and the EU negotiations.

It is important to remember, on a 30 or 40-year financial journey, this is just one more bump in the road.


Read more of Darren’s monthly features on topical financial and investment issues:


We are here to help you! Speak to Darren

darren-scott-guinness-financial-adviserDental & Medical Financial Services are ready to help you with your financial and mortgage planning following Brexit. Call to speak with Darren about your individual circumstances.
icon_phoneTel: 01403 780 770

 

Follow us on LinkedIn and Twitter for regular updates:

Twitter          LinkedIn

If you found this article interesting, why not share it?


Meet the Advisers

With over 20 years experience our advisors can help you meet your business and personal goals.


Who we Help

All our clients are doctors and dentists, just like you. As specialists we know your industry inside out.


Info & News

Make this the place you visit to keep up to speed with financial news for your sector.


Contact Us

Wherever you are in the UK we can help you build and protect your wealth.

Get Connected

to our specialist team

Tel: 01403 780 770
Email: info@dentalandmedical.com

Keep Updated

Simply register your name and email below and receive our updates direct to your inbox

Dental & Medical Financial Services News Updates

Just for doctors and dentists

Read more news

COOKIE POLICY | PRIVACY POLICY | DISCLAIMER


Dental and Medical Financial Services is an appointed representative of Best Practice IFA Group Limited, which is authorised and regulated by the Financial Conduct Authority. Company registered in England no. 9158580 Registered office: 1 Market Square, Horsham, West Sussex, RH12 1EU

© 2014 Dental & medical Financial Services. All rights reserved. Website design by Goldmine Media.