The pandemic has been hard on all of us. But that’s no excuse for any person or business with the resources to get through this crisis on their own to exploit the aid being made available for those who can’t.
Our founder, Chairman Daniel Wiener, has been an outspoken critic of those in the advisory industry who’ve applied for unneeded federal Paycheck Protection Plan loans—and now he’s calling on advisers who have taken them to pay them back. After all, if there’s anyone who should have the foresight and risk-awareness to prepare for and endure a recession or a stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. market drop, it’s the professionals you’re paying to manage your money.
Click here to read Dan Wiener’s latest op-ed for CityWire on why advisers should pay back their PPP loans.