As the coronavirus pandemic takes its toll on nearly every aspect of American financial life, banks are seeing their profits tumble.
Most financial advisors are anticipating a revenue drop and hit to their firm’s overall profitability during the next six months.
Many wealth management firms will “struggle to survive,” writes Boston Consulting Group in a new report.
The reality of COVID-19 has forced many individuals to address the “what if” scenarios that were previously unthinkable.