Economic uncertainty can be a worrying time for investors, so spiking market volatility is likely to create an increased dependency on financial advice, writes Mick Deverell
With the impact of post-pandemic inflation being felt across the board and interest rates now resembling those last experienced in the 1980s, the market extremities of the last 15 months have created a spiral of confusion for investors. When markets are down and interest rates are high, it is only natural for clients to be pulled in by the current allure of savings accounts. Over the last two years, financial advisers across the board have witnessed 75% of clients increase their allocation into cash to take advantage of recent rate rises. Many have also announced their intention to inves...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
