MacroMonitor Trend Insights: Financial Advice and Advisors Mini-Presentation June 2020
The COVID-19 pandemic has taken hold in the United States. All norms are disordered; market sectors are upset; financial markets are unsettled. Hardship is being felt by most small businesses and consumer households. Of necessity, focus is on the immediate. At the same time, it's important to anticipate what marketplace changes will emerge as a result of this extraordinary event. This series of mini-presentations looks at consumer reactions to past recessions—chronicled by the MacroMonitor—to provide insights about the likely consumer fallout as our country emerges from the COVID-19 pandemic to a period of economic disruption.
In this mini-presentation, Larry Cohen (director of SBI's Consumer Financial Decisions and the MacroMonitor) discusses the outlook for the use of financial advice and advisors following the COVID-19 pandemic.
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