Getting ready for Brexit
We are now approaching the date for the United Kingdom’s planned exit from the European Union (“Brexit”).
While the precise nature of the United Kingdom’s future relationship with the EU remains uncertain, at Brewin Dolphin we are taking steps to ensure we are able to deal with a range of potential outcomes that arise as a result of the ongoing Brexit negotiations. A number of these scenarios are illustrated here
For many of our clients, Brexit is unlikely to result in material changes to the services we provide or the way in which we deliver these services. We will contact clients individually with more information, as soon as we are able to, if their circumstances mean that this is not the case.
As to the impact of Brexit on the markets, we continue to closely monitor and consider the investment implications. Our teams remain ready to react to any suitable opportunities that may arise from ongoing market volatility, so we can continue to provide the best outcomes for our clients’ investments and financial objectives.
If you have any questions about Brexit and how it might affect your investments or the service we provide, please get in touch with your Brewin Dolphin contact in the usual manner.
Our latest Brewin Dolphin Insight, published 16.01.19 explored the current state of the Brexit negotiations and what they may mean for the markets and investments.
In the article, Guy Foster, our Head of Research, comments: “Taking a longer view it is important to keep Brexit in perspective. We need to look beyond the current uncertainty; beyond March 2019; beyond the transition period, to the future.
...Even if the UK economy does fare worse under Brexit, our working scenario, that doesn’t mean that there won’t be plenty of attractive investment opportunities abroad for us to exploit.
We believe that against a background of so much uncertainty, positioning portfolios on the basis that any particular scenario will arise, is risky. The better approach is to be ready to react to, and make the most of, the turbulence the ongoing process will undoubtedly create. Remaining invested and alert to new opportunities remains the best way to proceed.”
The full article can be read here: May's Brexit plan rejected by MPs
We will provide further updates as events unfold.