Most people seem to have woken this morning hearing the news that the UK has voted to leave the European Union with shock. The currency markets certainly seem to have been surprised. But what does it mean for an investor leaving Europe? Get professional Brexit investment advice from Knutsford financial advisers.
At midnight last night, the pound was trading at $1.46 to then have fallen to $1.32 at 4.15am. As we write, the pound has rallied to $1.39 at 9a.m.
The world markets have reacted to the news with the FTSE 100 share index falling from 6259 at midnight, to 6054 at 4.52am.
Interest rates have fallen to new record new lows, after cuts to hundreds of accounts in recent months.
Analysis for BBC News showed that many people who rely on their savings income, are worse off than ever before!
But how do you make the best of your money combatting these Low Interest Rates.
Our Knutsford IFA can guide you through this minefield.
When it comes to managing your money, the collective investment funds marketplace can be complicated. So we have created our guide to collective investment funds for you.
Effectively managing your own investments requires time, knowledge and a good deal of experience. For many of us the demands of daily life mean that we cannot dedicate as much time and energy to investments as we would like.
A guide to investment funds
Researching which companies to invest in can take considerable time. A lack of expertise could result in severe losses. And some asset classes are simply beyond the financial reach of many.
Trustees have a duty of care under the Trustee Act 2000 to ensure that they are taking independent advice when it comes to assets they hold upon trust for beneficiaries. When advising on and arranging investments for private clients, financial advisers are required by their regulator to take into account the client’s attitude to risk and capacity for risk. When it comes to advising on and arranging trustee investments however, trustees’ personal attitudes and capacity for risk are irrelevant, as indeed are those of the beneficiaries (who in any event are not the advisers’ clients). The trustees are the clients and they are custodians of the interests of the beneficiaries.