What You Have to Know
- The companies closed their places of work in Central Florida to arrange for the hurricane.
Monetary companies companies primarily based in Central Florida have spent current days making ready for Hurricane Ian’s arrival, shutting down their places of work and having advisors and different members of their staffs who stay in particularly weak areas evacuate earlier than the brunt of the storm arrived.
Raymond James’ house workplace in St. Petersburg, Florida, will likely be closed Wednesday and Thursday “in preparation for Hurricane Ian and to make sure the security of our associates,” the agency mentioned in an announcement launched Tuesday.
“We’ve enacted our enterprise continuity and evacuation plans to make sure help for important operations from our Memphis, Southfield, Mich. and Denver services,” Raymond James added.
On the identical day that Raymond James and Concurrent Advisors, its affiliate primarily based close by in Tampa, Florida, mentioned they break up up and that Concurrent was restructuring its enterprise as a multi-custodial, hybrid RIA, the businesses have been making comparable plans to prepared for Ian.
“Concurrent’s complete Tampa workplace was shut down and evacuated yesterday, which has impacted round 30 of us,” together with co-founder Nate Lenz, who “evacuated his household together with his new child baby,” a Concurrent spokesperson instructed ThinkAdvisor on Tuesday.
“Many of the impacted Concurrent crew have been making ready for the hurricane for the previous few days, and have evacuated from their houses. They anticipate to work remotely for the remainder of the week,” the spokesperson added.
Dynasty Monetary Companions, in the meantime, is “executing its enterprise continuity plans and evacuating staff in weak areas,” a spokesperson for that agency instructed ThinkAdvisor on Tuesday.