• Mon. Jul 22nd, 2024

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Top North East financial adviser firm reflects on Brexit

The Cramlington-based firm, which was recently listed among the UK’s top 250 financial advisers based on the independent consumer ratings website VouchedFor.co.uk, has said clients can prepare for the exit despite the full impact of Brexit being unknown.

Stephen Sumner, managing director of Explore Wealth Management said: “The recent dip in the stock market and falls in the value of sterling have been unsettling and although the stock market has bounced back, it remains fragile. Having said that, it’s not all bad news as the fall in the value of the pound will be welcomed by exporters who are experiencing more favourable trading conditions with their overseas markets.

“I liken times of economic uncertainty as a similar experience to flying a plane through turbulence in that the flight will even out and calm will resume. As to finances, it’s now become even more important that you find yourself a good financial adviser who will guide you through the best steps to help protect your investments.

“There are a range of guaranteed pensions and investments available which are tax-efficient and will help to preserve your money in the long-run. For those of you needing to access your pensions or savings in the not too distant future, there are in fact several steps you can take to give you peace of mind.

“So my advice is that anyone looking to retire within the next few years should seek guidance to ensure they don’t lose out financially. A good financial adviser will lift up the bonnet on your savings and check that your hard earned savings will not suffer as a result of Britain leaving the EU.”

For more information about Explore Wealth Management visit: www.explorewealth.co.uk.

By admin