Next Thursday, June 23rd, the people of Great Britain will vote on whether their country should remain a part of the European Union (EU). This is being referred to in the media as ‘Brexit.’ As we move closer and closer to voting day, the polls are getting tighter and it appears there is a real possibility that the citizens of the UK may vote to leave the union. The ramifications of this vote will impact markets worldwide and will make a significant statement regarding the long-term viability of the EU.
While this is certainly an interesting topic for discussion, and could result in global market volatility for a short period of time, we do not believe that this vote will have a meaningful long-term impact on our client’s portfolios. By crafting customized financial plans built around our client’s needs, and then incorporating an appropriate investment strategy to complement that financial plan, we believe our clients’ investment strategies are positioned well to capture the positive effects of a ‘no vote’ as well as to weather the volatility that would come with a ‘yes vote.’
To learn more about the Brexit debate and to get the latest news on poll numbers, we recommend using Bloomberg’s Brexit Watch homepage in the link below.