This article is part of a series of special reports appearing in the Sept. 14, 2020, edition of InvestmentNews.
The new normal work environment created by COVID-19, with tens of thousands of advisers now at home instead of in the office, means that broker-dealers should be tightening up thei
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'Our department’s Reg BI-related disciplinary actions have been increasing,' noted a senior Finra executive.
'The wealth managers have been unbelievably supportive through all of this,' said Bryant Riley, the firm's chair and co-CEO.
The use of unmonitored messaging apps by financial advisors has been on the rise in the wake of the Covid-19 pandemic.
'Does Osaic really need these redundancies in management,' asked one industry executive.
'The advisor wants to get out of the business at 65 or 70 but clients will live to be around till 90,' says one banker.
