Peter Mallouk’s firm took in $500 million in net new assets, and over a hundred new clients, during the past few weeks. “It’s been our best month in a long time.”
The pandemic is causing advisors to more actively manage against market volatility and recession risks, as well as navigate an influx of calls from worried clients, according to a new E*Trade survey.
Lenders to RIAs are scrambling to make sense of the requirements as advisory firms have an opportunity to take advantage of a forgivable loan program designed to help them meet payroll during the economic fallout.
Physician clients are taking a unique hit during the national pandemic. Many not on the front lines of the crisis have seen their income plummet. Advisors to this niche are advising a cautious approach to their financial plans.
The SEC's work over the past 10 months with broker/dealers, advisors and regulatory agencies has prepared everyone for compliance by the end of June, Chairman Jay Clayton said today.
