Investments “performing well” post Brexit, says chartered financial planner

A Cheshire and Wirral chartered financial planner says client investments are performing strongly in the aftermath of the Brexit vote.

Alan Mellor, Managing Director of Phillip Bates & Co Financial Services, has completed a comprehensive fund review – the first analysis since the shock decision in June by UK voters to leave the European Union.

Alan, whose office is in Neston but who advises clients across Cheshire, Wirral and North Wales, said: “We delayed our most recent fund review in order that we could fully assess the impact of the Brexit vote.

“We wanted to consider the investment markets and how we should react to this change.

“Returns post-Brexit have been positive with the vast majority of the funds in which we invest continuing to meet our objectives.

“The FTSE100 has performed strongly, nearly exceeding its all-time high, while overseas investment markets have also done well as a result of the fall in the value of the pound.”

Alan added: “There will clearly be some difficult times ahead, not least with uncertainty likely to remain while the UK negotiates its departure from the UK and begins to chart its future course.

“However, I am optimistic regarding the processes we have in place to meet the needs of our clients.

“Our investment approach is always individual to each client, although inevitably there are similarities between many of our clients.

“Good financial planning is about looking at the long-term and ensuring that our approach to investment is sufficiently flexible to meet differing economic circumstances and adaptable enough to mitigate risk wherever possible.”

Phillip Bates & Co Financial Services and its sister business, Phillip Bates & Co Chartered Accountants, are among a small number in the region to have Chartered Partnership status. They are the only ones in Wirral.