Charles Schwab will be holding its annual Impact conference entirely virtually this year, abandoning partial in-person plans.

Last year's Impact conference, typically attended by hundreds of advisors, was also held entirely virtually.

“We had considered hosting in-person receptions in 10 cities as part of Impact 2021 but have decided to keep Impact 2021 completely virtual again this year. The decision was based on the current environment and on feedback from advisors and employees,” a Schwab spokesperson said in a statement.

Impact 2021 will take place from October 19 to October 20, with registration for advisors opening today, according to the spokesperson.

“[T]he team has been working hard to put together two days of thought-provoking speakers and unique education sessions that will be free of registration fees for all invited attendees,” the spokesperson said.

The spokesperson added that Schwab is “planning and hoping for an in-person event in Denver in 2022, likely also with a virtual component.”

Schwab isn’t the only organization to change its plans to hold an in-person event. Last month, the Financial Planning Association canceled its annual conference, which was to take place from September 23 to 24 in Columbus, Ohio. The conference would have been the FPA’s first large-scale in-person event since the start of the pandemic.

“FPA’s first priority is the health, safety and well-being of our attendees, staff, partners and all those who make a conference like this possible,” FPA chief executive officer Patrick Mahoney said in a statement at that time.

“This was a difficult decision for the Board to make, but it was the right decision considering the current state of the pandemic and the significant landscape challenges facing in-person events this fall,” Mahoney added.

The FPA said at the time that those who registered for the conference would be fully refunded and that some conference sessions, including the keynotes, would be made available to FPA members for free in a pre-recorded format.

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