The majority (67%) of advisers think Brexit is good for their business but are worried about investment volatility during the two-year process of leaving the EU, research has found.
Metlife found advisers were particularly optimistic about demand for Brexit-related advice, which they thought would increase this year.
The research, which polled 206 specialist retirement advisers in January 2017, found advisers were optimistic for business in general throughout 2017, with more than half expecting to recruit more advisers.
However, almost three-quarters (74%) of advisers polled by MetLife were concerned about customers in traditional drawdown.
The advisers thought uncertainty during the two-year EU exit process would increase investment risk.
In particular, more than half (58%) of advisers were worried about general market volatility, while half (50%) were concerned about the impact this year's elections in France and Germany would have on the markets.
Last week several advisers told Professional Adviser they had altered their investment portfolios to reflect a more global outlook due to Brexit concerns.
MetLife UK intermediary development manager Richard Evans said: "Equity markets have been buoyant since the EU referendum results with the FTSE 100 up more than 16% since 23 June.
"Advisers are clearly concerned that clients in traditional drawdown are exposed to volatility and uncertainty and believe Brexit is as much of a risk as longevity."
He added: "The market boom since the referendum has benefited clients but it may now be time to look at guaranteed solutions as a way to protect those gains."
Meanwhile, Chase De Vere certified financial planner Patrick Connolly agreed Brexit could lead to more business for advisers.
"Generally, Brexit has caused a lot more uncertainty, more uncertainty leads to more people questioning whether they can make decisions on their own, and more people looking for advice," he said.
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