Economy

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

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.

Wealth management firms should track the lives they impact beyond the size of their client books, KMS Financial Services CEO Erinn Ford says in an episode of Financial Planning’s Podcast.

Advisors may find it difficult to connect with the people who need financial help the most.

The company has asked employees on the impacted floor to work from home until March 23.

The worker, who tested positive on Monday, and colleagues in close contact with the person are in self-quarantine.

The firm has touted its capabilities, lighter bureaucracy and corporate environment to new hires — factors that have helped lure in top talent.

In a cut throat market, the RIA can now offer cash for M&A deals.