Estimated reading time: 0 minutes, 50 seconds

How Some RIAs Are Making a Splash As They Head Back to the Office

Amid a return to the office, some RIAs are making an upgrade. So reports RIA Biz.

covid 4948866 640small“Some of the 30,000 independent firms that manage $5-triillion plus of personal assets are scaling up to larger, flashier, better-located offices at least for the nine-to-five workweek,” according to the article.

Lorenzo Esparza, CEO of Manhattan West Asset Management, leased a 13,000-square-foot space for his 42-person team in the Century City area beginning in October. The firm is currently in an 8,000-square-foot office.

To go to the new office, employees must be vaccinated. Clients do too. And temperature checks are taken at the door. "If you're going to work here, you have to be vaccinated. We created this safe bubble, and we don't let anyone in who isn't vaccinated," he said, according to the article.

Now may be a good time for advisors to renegotiate leases as they may have leverage over landlords.

Some firms are also adding headcount amid a return to the office.

Read the full article from RIA Biz.

Read 2432 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.