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.

Retirees tapping their long-term savings accounts for income in an emergency are advised to strongly consider reducing their withdrawal rates.

While younger clients may be putting away more money than Gen Xers and baby boomers, they’re not better prepared for retirement compared with their older counterparts, experts say.

Financial advisor Alex Chalekian started out his career with a mentor “who was not the nicest person.” Ever since, he has wanted to serve as a resource to fellow planners, he explains in an episode of Financial Planning’s Invest Podcast.

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

While some retirees have seen a substantial increase in spending, many others are enjoying financial freedom.

Roughly two-thirds of the $1.2 billion contributions to the firm in 2019 came from appreciated assets.

Managers who are can differentiate with solid ESG credentials stand to prosper, especially as a younger generation begins saving for investment.

Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.