Financial advisers around the world react to a Trump presidency
By International Adviser, 9 Nov 16
Following Donald Trump’s historic win in the US elections, International Adviser asked IFAs across the globe to give their views on the next president.
John Westwod, Group managing director, Blacktower Financial Management Group
“Obviously this is a monumentous event that most pundits had not predicted. I think we need to wait and see what the global reaction may be and if this results in negative market sentiment.
The US will now go through a period of reflection and uncertainty, which no doubt will reflect on markets and market direction and this may affect our European clients our view on portfolio positions.
“Maybe this is positive for [the] UK post Brexit as Trump appears pro-Brexit so may be keen to open up trade negotiations at an early stage. We will have to wait and see.”
Jason Porter, director at Blevins Franks
“Theresa May could find that the election of Donald Trump makes any UK-US trade treaty discussions more interesting, bearing in mind the protectionist comments he has made over the past 18 months.
“The jitters shown by the financial markets are a really good example of why you need to ensure your investments are diversified geographically across the globe, and across asset types and asset classes.
“Much like Brexit, it could be said that today’s outcome is a protest vote of the politically disaffected and those who feel they have been economically left behind.
“The majority of our clients have retired to Europe, and many receive their pensions in sterling. Whilst the pound might rise against the dollar, we cannot see the US election impacting the sterling and euro exchange rate”
Tags: Donald Trump | US
