The information presented in this document is for general informational and educational purposes and is not specific to any individual’s personal circumstances. Nothing in this document constitutes, or shall be relied upon as, investment, legal, or tax advice to any person. The information in this document is provided effective as of the date of its publication, does not necessarily reflect the most current status or development, and is subject to revision at any time. Investing involves risk, and past performance does not necessarily predict future results. None of Waverly, or any of its officers, members, or affiliates, in any way warrant or guarantee the success of any action that anyone may take in reliance on any statements or recommendations in this document.
Waverly Advisors, LLC (“Waverly”) is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Waverly, including investment strategies, fees and objectives can be found in Waverly’s ADV Part 2A Brochure and Form CRS (Customer Relationship Summary), available at https://waverly-advisors.com/.
You should not assume that any information provided serves as the receipt of, or as a substitute for, personalized investment advice from Waverly. This information should be used as a reference only.
Investment advisory services are offered by Waverly Advisors, LLC, an investment adviser registered with the Securities and Exchange Commission.
© 2024 Waverly Advisors, LLC. All rights reserved.
For more information, please see our other important disclosures: https://waverly-advisors.com/otherimportantdisclosure/
Brexit vote is to leave the European Union
Yesterday, the people of Britain voted for a British exit, or Brexit, from the European Union (EU) by a close margin (51.8% leave and 48.2% stay). The global equity markets rallied over the last week in anticipation of a vote to stay in the EU. Prices are now readjusting to the levels of just a few weeks ago. This should be a short-term adjustment much like the fiscal cliff of a few years ago.
In practical terms, the official exiting could take two years. In some ways, the UK already had “one foot out the door,” with their own currency and other trade exceptions. The UK is the world’s fifth largest economy, with the majority of their trade taking place within the EU. Therefore, we can expect a good deal of negotiations to minimize the economic impacts of their departure. It is in the best interests of both parties to minimize disruptions.
A well-diversified portfolio is the best defense for the temporary volatility we inevitably experience from time to time. The world’s economy is large enough to handle this, and Brexit should not affect long-term growth prospects.
IMPORTANT DISCLOSURES
The information presented in this document is for general informational and educational purposes and is not specific to any individual’s personal circumstances. Nothing in this document constitutes, or shall be relied upon as, investment, legal, or tax advice to any person. The information in this document is provided effective as of the date of its publication, does not necessarily reflect the most current status or development, and is subject to revision at any time. Investing involves risk, and past performance does not necessarily predict future results. None of Waverly, or any of its officers, members, or affiliates, in any way warrant or guarantee the success of any action that anyone may take in reliance on any statements or recommendations in this document.
Waverly Advisors, LLC (“Waverly”) is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Waverly, including investment strategies, fees and objectives can be found in Waverly’s ADV Part 2A Brochure and Form CRS (Customer Relationship Summary), available at https://waverly-advisors.com/.
You should not assume that any information provided serves as the receipt of, or as a substitute for, personalized investment advice from Waverly. This information should be used as a reference only.
Investment advisory services are offered by Waverly Advisors, LLC, an investment adviser registered with the Securities and Exchange Commission.
© 2024 Waverly Advisors, LLC. All rights reserved.
For more information, please see our other important disclosures: https://waverly-advisors.com/otherimportantdisclosure/
Follow Us
Share this post on:
Robyn joined Waverly Advisors in October of 2022 and serves as Director of Marketing. She is responsible for the generation, coordination and implementation of all marketing related duties. Her goal is two-fold; 1. To enhance the brand of Waverly and the firm in general as a market leader, and 2. To delight Waverly clients, while supporting advisor specific needs.
Related Insight
Doing Nothing is a Decision
“The big money is not in the buying and the selling, but in the waiting.” – Charlie Munger, Berkshire Hathaway…
Understanding the new Federal Children’s Savings Accounts
What families may want to know before opening one. Five Questions This Guide Will Help You Answer Before opening one…
Ranked #2 In Birmingham Business Journal 2026 Fastest-Growing Money Managers
Waverly Advisors Named #2 Among Birmingham’s Fastest-Growing Money Managers We’re proud to be recognized by the Birmingham Business Journal as…