The Brexit vote reinforces the need for investors to diversify their portfolios and take a long-term approach to saving, an award-winning north-east money expert said yesterday.
Paul Gibson, who has just set up his own business, Granite Financial Planning (GFP), added: “Brexit is undoubtedly going to make wealth preservation harder in the short term due to the volatility that is likely to arise.
“Keeping a clear head and maintaining your discipline and avoiding knee-jerk reactions is likely to reward long-term investors.
“Having a diversified portfolio is also important. North-east investors will know from painful experience that holding a few oil stocks does not represent diversification.”
Mr Gibson was crowned best financial planner in the UK at the 20th annual Financial Planner Awards in London late last year. He was presented with the top accolade by BBC sports presenter Dan Walker at the black-tie awards dinner.
He left Carbon Financial Partners to set up his new Banchory-based business, which recently received authorisation from the Financial Conduct Authority.
The chartered wealth manager and chartered and certified financial planner said: “We are independently owned and minded and offer a real alternative to the larger advice firms operating in Scotland, often on a restricted basis and at premium pricing.”
GFP is offering a free initial meeting to prospective clients to highlight the services it offers to clients throughout the north-east.