Sorry advisers, the Brexit crisis might not be just another short-term market jolt.
“It’s impossible to be sanguine about this one,” says Greg Valliere, chief strategist for Horizon Investments. “[Brexit] looks like a dark cloud that’s not going to dissipate anytime soon.”
While it’s important for planners not to sugarcoat a troubling international scenario, Valliere, a veteran Washington commentator who speaks frequently at industry conferences, also stresses that they can reassure clients that the United States is “a very attractive place to invest.”
“Advisers can be candid with their clients without frightening them,” Valliere says.