Clients of advisers are growing skittish and looking to de-risk their portfolios because of uncertainty around Brexit, according to research conducted by Time Investments.
Half (52%) of the 65 advisers Time Investments surveyed said the number of clients looking to de-risk was greater than the same time last year, with the great majority (75%) citing concerns over the Brexit outcome as the main driver. A similar percentage (48%) of clients put stockmarket volatility down as a second factor because of worries over the current geopolitical outlook. Rising interest rates (12%) and concerns over inflation falling (6%) were lesser concerns. Darius McDermott: Three cautious fund options for a last-minute ISA Almost a quarter (23%) of wealth managers and IF...
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