As the Covid-19 global pandemic subsides several of the biggest names in wealth management are struggling to find what "normal" looks like. According to InvestmentNews, many financial services firms are contemplating whether and how it makes sense to have employees return to the office.
For example, Charles Schwab intends to have employees return in eight groups across its locations beginning in late April. A Schwab spokesperson stated, "We created and implemented a workplace flexibility program to provide employees the flexibility to allow for remote work options if that's what's best for them." The program is designed to balance the importance of workplace flexibility with the benefit of in-person interactions.
Other firms like the Vanguard Group have launched a "multi-month return to the office transition period", according to a spokesperson. Last year the group introduced a hybrid model that allowed most employees to work from home for three days.
In contrast, Goldman Sachs' employees have been in their offices since June 2020. A Goldman spokesperson said that all employees working in the office are required to be vaccinated.
Finally, with varying state law requirements for vaccines, masks, and social distancing, all firms constantly have had to react and adjust, complicating plans for return to the office.
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
