Many firms have made extensive plans to return employees to the office, only to have been stalled due to increases in Covid-19 cases. At long last, firms finally are returning to the office, though others are allowing full remote work for some of their workforce.
According to AdvisorHub, UBS Group AG expects 10 percent of its workforce in the United States to work from home full time, 10 percent to 15 percent of employees will be in the office full time, 70 percent will be in hybrid roles. Globally, about 86 percent of UBS employees said they seek more flexibility, including remote work.
In contrast, Morgan Stanley will cap the number of days advisors can work from home to 90 days per year, allowing some exceptions. After the 90 day period has ended, advisors will have the opportunity to apply for a continuation, according to the company. A continuation will require a manager's signature and will consider several factors. A spokesperson for Morgan Stanley shared the firm is offering different options to enable advisors the ability to maintain flexibility." Flexibility options are said to differ by employee based upon role and eligibility.
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
