In Brexit's wake, many advisers told clients not to panic. Stay the course, they said. Though sound advice, others are now questioning whether the U.K.’s decision is indicative of deeper-rooted issues that will cause long-term volatility.
A majority of advisers did not make any changes to client portfolios following the June 23 Brexit vote, according to a recent survey by Financial Planning, which polled 328 financial planners. They reported taking either a wait-and-see approach or believed that in the long term Britain’s decision to leave the EU will yield little to no effects.
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