Many financial planners affiliated with XY Planning Network are waiving their fees to provide financial advice to people who have taken a financial hit as a result of the coronavirus. That includes folks who have lost their jobs, lost income from reduced work or been forced to take unpaid sick days due to the crisis.
At least 50 fee-for-service financial planners have signed up to offer their services to impacted individuals at no cost. All advisors are available to meet with clients virtually.
“These remarkable individuals became financial planners to help people, and while they get to do that in their day-to-day work, today, they get to help people normally not reached by financial planning,” said XYPN CEO and Co-founder Alan Moore. “It further cements that the future of the industry is for us to become a helping profession that isn’t limited to the wealthy but is for all consumers.”
When the government shut down early last year, XYPN made a similar effort to provide free financial advice to furloughed federal workers.
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