The House of Representatives approved the third phase of the rushed stimulus package. Advisors are pouring over the details. Here are some of their immediate reactions.
Recruiting has slowed down at the IBD, due to social distancing and remote working. But the firm has stepped up its virtual capabilities to continue attracting new advisors.
Current market conditions are expected to hit some broker/dealers hard, according to Moody’s, with the ratings agency lowering its outlook on Advisor Group, Cetera and LPL. Raymond James remains stable.
As everyone continues to safeguard their health and wellbeing, it is also important to think about what your portfolio and financial future will look once this unprecedented, global event has dissipated.
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.
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.
