Managing the financials of your practice as revenues take a hit is as important as soothing the anxieties of clients, say industry watchers.
April 6, 2020
The broker-dealer says it does not want to add to the stress FAs face in their day-to-day lives during this pandemic.
The trainees had already been working remotely, studying for Finra licensing exams, which were delayed. Few if any have been assigned to work with advisory teams.
While salaries won’t rise, jobs will stay, the St. Louis-based broker-dealer told employees.
Allison Herren Lee is also calling for an extension of the comment period of various proposals, including the expansion of the accredited investor definition.
Advisors have had to radically alter how they operate and communicate with clients, results of a new survey from Limra indicate.
Jacqueline Jacobsen told the firm she intended to use the funds to pay an employee bonus, but then kept a part of the award for herself.
Patrick Coogan allegedly misrepresented his authority to act on behalf of LPL and facts about the client to help secure loans from several different banks.
Financial advisors have also shifted to managing for the threat of a recession, according to a recent E*Trade survey.