Some 53% of financial advisers believe there will be an increase in enquiries about financial planning following the result of the EU referendum, according to research from Prudential.
30 AUGUST 2016 | CINTIA CHEONG
Based on a survey of 104 financial advisers, the results come from 37% who expect to see an increase in demand for their services from existing clients, with a further 16% expecting to sign up new customers as a direct result of Brexit.
Four in 10 also expect a boost to their businesses as a result of the UK's decision to leave the EU. A further 42% believe Brexit will bring specific opportunities for them.
However, a third (32%) think quitting the EU will have a long-term negative impact on the economy and their businesses.
Paul Harrison, head of Prudential's business consultancy for advisers, said: "Advisers are embracing the opportunities of Brexit and expect an increase in the number of clients - both existing and brand new ones - who are looking for Brexit-specific financial planning advice."
For existing clients, 58% of advisors expect them to be worried about retirement funds while a further 56% believe clients will be looking for support on how to reposition their investment plans.
Meanwhile 54% predict there will be an increase in queries relating to drawdown and the effects of volatility on funds.
Harrison explained the result of the referendum had triggered uncertainty, with people realising their "best port of call" was to speak to an adviser who could help them to "get back to the basics of good financial planning".
