Coronavirus lockdown: Raymond James won’t rush advisors back to the office
May 20, 2020 by Andrew Welsch
Even as some states lift lockdown restrictions enacted to stem the tide of coronavirus contamination, the 8,000-plus advisors at Raymond James should not expect a swift return to their branches.
“We will be slow and deliberate about bringing associates back to the office,” CEO Paul Reilly said during an earnings call April 30.
Reilly’s cautious approach is shared by other wealth management leaders, indicating that a return to business as usual is not around the corner for tens of thousands of advisors and their clients.