How Financial Advisors and RIAs Can Benefit From the CARES Act

The Coronavirus Aid, Relief and Economic Security (CARES) Act, passed into law on March 27, 2020, is intended to provide emergency relief to individuals and businesses to help minimize the negative financial impacts of the COVID-19 pandemic. Whether you are a solo independent financial advisor, an owner of an RIA, or an executive at a wealth management firm the loan programs made available in the CARES Act are worth exploring  as soon as possible. 

Scott Wetzel, CEO of SkyView Partners joined me for this special episode of the Modern Financial Advisor podcast, to explore the lending options available for financial advisors, RIAs, and their clients. Based on what he and his team have learned so far, the lending programs are very attractive and are designed for ease of application and approval to ensure funds are distributed quickly.

To listen to the episode simply click play on the audio stream below or listen and subscribe on your favorite podcast platform. You can find us on Apple Podcasts, Spotify, Google Play Music, Alexa,  SoundCloud, Stitcher, and TuneIn.

Audio Stream

Video Overview

Resources Related to this Episode:

• Reach Out to SkyView Partners - Click here to reach out to SkyView Partners to begin exploring how you and your firm can access the lending programs made possible by the CARES Act.  
• Listen to Episode 27 of the Modern Financial Advisor Podcast - Scott Wetzel also joined me on an earlier episode of the MFA Podcast to explore how access to lending has opened up for financial advisors and RIAs in new and exciting ways. 
• Read "Why Solo Advisors Need a Practice Continuity Agreement" by Carla McCabe - Accessing liquidity is only one component of making sure your business is secure for your team and clients. Creating a continuity agreement is invaluable in this time of great uncertainty.

If you have any questions, comments, or even ideas for new episodes, feel free to reach out. If you like what you hear, make sure to subscribe to one of our channels listed above.