Industry

Many advisors can make the switch from a traditional office to one right down the hallway — but it comes with its own set of ground rules.

Moody’s lowered the giant IBD network’s credit rating with sobering words that could resonate across wealth management.

The firm is experimenting with new, virtual capabilities to permit staff to work remotely amid an unprecedented health crisis.

Moody’s affirmed the company’s “B3” rating but signalled the potential wide-reaching impact of the pandemic across wealth management.

“We’re going to see more restructuring of deal terms,” says investment banker Steve Levitt.

It’s another action taken by wealth management firms to safeguard employees and clients from the coronavirus.

While many institutions are taking protective steps, others want to stay open to promote public confidence in the banking system.

Some clients can get an extension on paying taxes of up to $1 million and corporations can defer tax payments of up to $10 million.

First, prove you’re listening; then make sure they know you’re taking action to protect their portfolios.

“We are trying to balance the health and safety of the [CFP] candidates with their desire to complete the exam,” CEO Kevin Keller says.