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Financial advisers reached out to clients on Friday in an attempt to prepare investors for the wild ride that’s expected as global markets digest the United Kingdom’s surprising vote to exit the European Union after 43 years.

“The fear of the unknown about how the transition will take place and the potential economic disruptions are causing markets to open significantly lower this morning,” advisory firm RegentAtlantic Capital wrote in an email to investors at 8:45 a.m. ET. “Remain calm. Trying to trade in extremely volatile markets is very dangerous.”

The firm’s investment team was up at 4:30 a.m. ET working on its communication to clients, and all week it’s been prepping its advisers with talking points in advance of Thursday’s vote, said Chris Cordaro, managing partner of RegentAtlantic.

“We are prepared for a long day of communicating with clients,” he said Friday morning before the U.S. stock market opened.

With 52% of the vote, the Great Britain’s public chose to leave the European Union. Soon after the vote, Prime Minister David Cameron announced he will step down. Even though it will take a couple years to complete the exit, markets had largely expected the country to stay put and selling was swift.

(Related read: Mohamed El-Erian sees ‘common element’ between Brexit, negative rates, strange politics and Fed policy)

In early morning communications with clients, many advisers attempted to tell clients they should expect losses, but not be panicked.

“Is it true that this development has negative ramifications? Yes,” wrote the Yeske Buie team in an emailed note at 7:00 a.m. ET “Will the more apocalyptic predictions now spilling forth come true? Almost assuredly not.”

Paul Schatz, president of Heritage Capital, said he was surprised by Britain’s vote to leave, but said investors shouldn’t see the market’s reaction as a time to panic.

“Do not think the bull market is over because of what’s going to happen today,” he said. “It will take a couple of weeks to march back from this decline, but there are two strategies for investors right now.

You can either buy in the first half hour, or you can wait for the rally and then buy on the pullback that will likely come next month.”
Financial advisers reached out to clients on Friday in an attempt to prepare investors for the wild ride that’s expected as global markets digest the United Kingdom’s surprising vote to exit the European Union after 43 years.

“The fear of the unknown about how the transition will take place and the potential economic disruptions are causing markets to open significantly lower this morning,” advisory firm RegentAtlantic Capital wrote in an email to investors at 8:45 a.m. ET. “Remain calm. Trying to trade in extremely volatile markets is very dangerous.”

The firm’s investment team was up at 4:30 a.m. ET working on its communication to clients, and all week it’s been prepping its advisers with talking points in advance of Thursday’s vote, said Chris Cordaro, managing partner of RegentAtlantic.

“We are prepared for a long day of communicating with clients,” he said Friday morning before the U.S. stock market opened.

With 52% of the vote, the Great Britain’s public chose to leave the European Union. Soon after the vote, Prime Minister David Cameron announced he will step down. Even though it will take a couple years to complete the exit, markets had largely expected the country to stay put and selling was swift.

(Related read: Mohamed El-Erian sees ‘common element’ between Brexit, negative rates, strange politics and Fed policy)

In early morning communications with clients, many advisers attempted to tell clients they should expect losses, but not be panicked.

“Is it true that this development has negative ramifications? Yes,” wrote the Yeske Buie team in an emailed note at 7:00 a.m. ET “Will the more apocalyptic predictions now spilling forth come true? Almost assuredly not.”

Paul Schatz, president of Heritage Capital, said he was surprised by Britain’s vote to leave, but said investors shouldn’t see the market’s reaction as a time to panic.

“Do not think the bull market is over because of what’s going to happen today,” he said. “It will take a couple of weeks to march back from this decline, but there are two strategies for investors right now.

You can either buy in the first half hour, or you can wait for the rally and then buy on the pullback that will likely come next month.”
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“The fear of the unknown about how the transition will take place and the potential economic disruptions are causing markets to open significantly lower this morning,” advisory firm RegentAtlantic Capital wrote in an email to investors at 8:45 a.m. ET. “Remain calm. Trying to trade in extremely volatile markets is very dangerous.”

The firm’s investment team was up at 4:30 a.m. ET working on its communication to clients, and all week it’s been prepping its advisers with talking points in advance of Thursday’s vote, said Chris Cordaro, managing partner of RegentAtlantic.

“We are prepared for a long day of communicating with clients,” he said Friday morning before the U.S. stock market opened.

With 52% of the vote, the Great Britain’s public chose to leave the European Union. Soon after the vote, Prime Minister David Cameron announced he will step down. Even though it will take a couple years to complete the exit, markets had largely expected the country to stay put and selling was swift.

(Related read: Mohamed El-Erian sees ‘common element’ between Brexit, negative rates, strange politics and Fed policy)

In early morning communications with clients, many advisers attempted to tell clients they should expect losses, but not be panicked.

“Is it true that this development has negative ramifications? Yes,” wrote the Yeske Buie team in an emailed note at 7:00 a.m. ET “Will the more apocalyptic predictions now spilling forth come true? Almost assuredly not.”

Paul Schatz, president of Heritage Capital, said he was surprised by Britain’s vote to leave, but said investors shouldn’t see the market’s reaction as a time to panic.

“Do not think the bull market is over because of what’s going to happen today,” he said. “It will take a couple of weeks to march back from this decline, but there are two strategies for investors right now.

You can either buy in the first half hour, or you can wait for the rally and then buy on the pullback that will likely come next month.”