Advice clients remain split on impact of Brexit on investment

Financial advice clients remain split on what the impact of Brexit has been on their investments, 10 years on from the referendum, according to Active Financial Planners.

The advice firm found that 52 per cent of its client base had voted to remain in the EU, while 44 per cent had voted to leave.

Nearly three quarters (71 per cent) said they would vote again in the same way, while 12 per cent had changed their minds.

When asked how they viewed the impact of Brexit on a personal level, 46 per cent said it had been neither good nor bad, while 34 per cent viewed it negatively and just 15 per cent were positive on its impact.

Over a third (35 per cent) said that positive portfolio performance had made them feel more negatively about Brexit and 16 per cent viewed it more positively.

Active Financial Planners said this indicated clients were separating the performance of their own investments from the performance of the UK economy.

Respondents were also asked how events like Brexit made them feel about investing, with 18 per cent feeling more hesitant, 13 per cent saying they felt more resilient, and 69 per cent reporting no change.

“Ten years after Brexit, clients’ views on the referendum remain divided and, in many cases, firmly held,” commented Active Financial Planners managing director, Karl Pemberton.

“Some still see it as the right decision while others think it was a mistake. But whilst Brexit may still divide opinion, it is great to see discipline of long-term investing remaining much the same.”

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