These financial advisors managed to grow their advisory firms during the Great Recession of 2008—lessons learned from that experience may help advisors facing the next one.
Some financial advisory firms are finding their commitment to virtual practices even more validated in the current coronavirus quarantine; for other teams, the value of a physical location is becoming more apparent by the day.
The advocacy group for broker/dealers says firms are finding it difficult to upgrade their compliance capability due to the tumult caused by the spread of COVID-19 and are asking for 'temporary regulatory relief.'
It was essential for state regulators to offer guidance for advisors working from home who may not be registered in their home state, according to the New Jersey Board of Securities bureau chief.
While there is much financial advisors cannot control about their professional trajectory at the moment, there are some important points to focus on to stay on track.
A Goldman Sachs equity analyst says LPL’s pure-play brokerage model will fare better in the market volatility than Raymond James’, which relies on investment banking and capital markets.
