Confidence may have been falling among financial services companies in the wake of the result of the referendum on the UK's membership of the European Union (EU), writes Sheriar Bradbury, but adviser businesses have less to fear from Brexit than most.
September's CBI/PWC business confidence survey revealed increasing Brexit anxiety across the financial services sector, but of course it is those UK businesses engaged in trade with our European partners that are most exposed. Most advisers' businesses are domestically-based and therefore insulated from the biggest risks of Brexit. Advisers do not sell their services into the EU, they are paid in sterling and their expenses are in sterling. Yes, macroeconomic factors always have an impact on the adviser sector, but the jury is still out on the long-term economic impacts of the UK's vote ...
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