The development caused financial advisors such as Jeff Liquori, New York regional manager at People’s United Wealth Management, to question what will happen when a substantial market dislocation occurs.
Estimated reading time: 0 minutes, 26 seconds
Market Plunge Sparks Website Outages for Financial Firms
The 1,157 point drop in the Dow Jones Industrial average in early February resulted in a deluge of investors checking their accounts online, which in turn caused temporary failures or the slowing of services from internet platforms operated by Fidelity, TD Ameritrade, T. Rowe Price, Betterment, and Wealthfront. So reports Financial Planning.
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