Morgan Stanley Chief Executive James Gorman joined other finance industry leaders in warning that operations won’t be fully back to normal this year.
“We are working on a series of programs to provide a safe environment for our employees to come back,” Gorman said at the firm’s virtual shareholder meeting. “Under no circumstance will the employees be forced to come back in 2020 to their desk when they have any concern or fear over their health and safety.”
He said that he expects closer to 50% of employees back in offices by the end of the year. That figure has varied significantly across the firm’s global locations.
While Morgan Stanley still has more than 90% of employees working from home, almost half the workers in Hong Kong are back. It’s a “very, very, very small number” in New York City, Gorman said.
For service-focused financial advisors who might take their well-being for granted, regular check-ins and active listening from the top can provide a powerful recharge.
With Parkworth Wealth Management and its Silicon Valley tech industry client base now onboard, Savant accelerates its vision of housing 10 to 12 specialty practices under its national RIA.
Meanwhile, $34 billion independent First Manhattan welcomed New Jersey-based Roanoke Asset Management, an RIA firm with more than 40 years of history.
Most notably, two chief compliance officers have also recently left the firm.
The latest team to join Cetera, led by a 29-year veteran professional, arrives with roughly $380 million in AUA from OSJ Private Advisor Group.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
