The unexpected victory for the leave campaign has sent shockwaves throughout the continent and the UK, with major fall out for the markets and political turmoil unfurling.
The outcome has given rise to many questions, particularly on investments and financial matters generally.
So far, however, Gemma Williams CFPTM Chartered MCSI, Financial Planning Director at Uniq Family Wealth in Wales, said her team has seen no surge in enquiries, even based on this morning’s events.
She said: “Our advice is that it is business as usual for those who have long term investment strategies with us but it is important that they understand what has been happening and that we reinforce our philosophy at key times, such as this.”
Ms Williams said: “We have the tools to model a sudden fall in the stockmarket and how this applies to a client’s own personal financial position but for many they have been here before and know that we remain on hand to guide them through any turbulence.
“Enquiries, at the moment, from existing client are low but we expected this. We took the decision to send out a communication on Friday detailing, in simple terms, what the results could mean for the economy but spelling out that we expect any resulting volatility to be short term and that is not how we invest.”
Ms Williams stressed her firm is used to adapting quickly to sudden and unexpected news, based on previous stock market events.
The initial impact was not a shock, she said, but Friday’s events were “surprising in terms of the outcome”.
She said: “The key for us is educating clients on not only investment markets but also the wider economy and for this reason we remain up to date on what has been happening with the assistance of our out sourced Discretionary Fund Manager.”