Despite the market rout and economic uncertainty that hit just after the closing of the acquisition of Ladenburg Thalmann, Advisor Group CEO Jamie Price has put together a new executive team and promises more investment in the company, not less.
TD Ameritrade has seen new-account openings for its automated investing platform jump 150% from the same period a year ago. Wealthfront signups are up 68% and Betterment's increase is 25%.
Responding to client portfolios knocked out of whack by the market’s roller coaster ride has been more of a stressor for many firms than communicating with angst-ridden clients.
It is during times like this that loyal professional relationships can be cemented for the long term or completely destroyed. Here is what lawyers and accountants are hearing from their clients in the wake of the coronavirus pandemic.
