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EU Referendum

Posted Friday, 24 June 2016, 9.17am

Following the outcome of the UK referendum on its membership of the European Union we wanted to reassure our clients that FMB is here to answer any of your individual concerns so please do not hesitate to call us.

We can appreciate that the vote to leave is worrying given the potentially significant impact this will have on financial markets over the coming months.

The fund managers and investment houses we work with have all been developing strategies in the event of this outcome, and although nobody can claim to know what will happen next, there are a series of potential outcomes that fund managers have been working to offset. For instance hedging currencies and buying safe havens such as US treasury bonds.

Our clients are largely invested in managed portfolios which contain many kinds of asset classes from around the world, so although there will be volatility it will not be on the same level as the UK stock market.

We have been in contact with our investment partners this morning and will continue to monitor events and financial markets closely and the risks and opportunities presented by them.

FMB believes in financial planning for the long term, so if you have any concerns about how this might affect your planning please give us a call if you would like to discuss this further.

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Financial Management Bureau Ltd is a limited company registered in England and Wales. Registered office: Shenstone House, Helsington, Kendal, Cumbria LA8 8AA. Registered number: 02089786