Clients hit by early adviser flight to cash - IFA

The Premier Wealth Management managing director says he remained invested in the market, despite seeing the FTSE 100 plunge to about 5400. However, recent figures from Cofunds showed mnay other advisers increasingly went into cash options in the first quarter. “There was a huge amount of talk about it, but there really wasn’t a reason to go to cash a month or so ago,” he says. “I am of the thinking that the market (FTSE 100) gravitates to this 6000 level. “Having said that, you could argue and I would say that I am starting to look at cash right now.” The FTSE 100 earlier hit a hi...