Two-thirds (65%) of clients have said market volatility did not prompt them to alter their attitude to risk, according to research conducted by financial advice firm Fairstone.

The Fairstone Annual Client Survey, which polled more than 1,000 of Fairstone clients, conducted research on attitude to risk, the importance of ethical investing and why clients choose to take financial advice.

It found 71% of those surveyed felt Brexit had not impacted their financial planning, and two-in-five (41%) saw it as just another market cycle. Meanwhile, four-fifths (80%) have made provisions within their retirement in response to people living longer.

With regards to financial advice, three-quarters (75%) of participants though being Chartered was essential to their decision-making when appointing an adviser. In addition, 60% said investing ethically was something that is extremely important to them.

Fairstone CEO Lee Hartley said: “The results of the survey were incredibly interesting, and it is encouraging to see the value our clients place on independent financial advice as well as their understanding of the importance of long-term financial planning.

“While no one could have predicted the global effect of Covid, the financial advice industry has always been impacted by an ever-changing landscape. History has shown us that even when market impacts are severe, there is always recovery.

“Staying calm and objective is central to keeping any financial plan on track for success.”

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