Such a scenario could "challenge market assumptions both about cyclicality and about eternally negative rates," according to strategists.
The firm has struggled to make money this year amid the market volatility sparked by the COVID-19 pandemic.
“We do not yet know when we’ll return to a more traditional operating model,” a spokeswoman said.
Because of potential tax and compliance implications, they must tell the company if they are working from a location other than their home address.
The funds have recorded $248 billion in net inflows in 2020, up about 5% from this time last year.
“We basically had clients demanding that we find a new home,” after Wells Fargo failed to secure PPP loans for them, an advisor says.
New opportunities and wise practices can maximize the value of your clients’ — or your own — company.
The alternative asset manager surpassed its previous peak from the fourth quarter of 2017.
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The Internal Revenue Service is giving taxpayers a break if the checks they mailed in to pay their taxes still haven’t been opened up yet and are sitting in the trailers the IRS set up during the pandemic.
August 17 -
This may be the final chance for eligible clients to submit for the additional economic impact payments under the CARES Act this year.
August 17 -
High unemployment, rising virus cases and the upcoming presidential election are causing clients to change their strategies, advisors say.
August 14 -
The U.S. Small Business Administration has posted rules about how businesses who have been turned down for forgiveness of their Paycheck Protection Program loans can appeal the decision.
August 13 -
“If you decide to make the portfolio more conservative, make sure you have a plan — an exact plan — on when to come back,” an expert says.
August 13 -
The hires might be short-lived as job-cut moratoria end in the third and fourth quarters.
August 13 -
The alternative asset manager said it has $77 billion in cash, securities and other available capital, including uncalled capital commitments from clients.
August 13 -
It’s enough to frustrate star traders, leaving them vulnerable to poaching by hedge funds willing to pay more.
August 12 -
They all spent over a decade at their former firm.
August 12 -
If clients “looked just three months ago, these numbers would be glaringly different,” an expert says.
August 10 -
Ben Meng’s downfall raises questions about who would succeed him in a job that attracts so much unwelcome attention, not to mention navigate a pandemic.
August 10 -
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“Clients have gotten a good scare,” says Dave Welling, CEO of Mercer Advisors.
August 7 -
Here’s what leaders around the world say must be done.
August 7 -
Now that the U.S. is five months into the COVID crisis a new victim is emerging. Caught between small businesses furloughing their staff landlords needing to collect rent are millions of hourly workers.
August 7