Financial services seemed to cope with 2020 better than many industries. “The fact is that people need guidance with their money,” says one financial planner.
Last year, Susan Veligor of Cornerstone Financial Planning predicted challenges around hiring and an increasingly competitive market.
Looking back now, she says, “Cornerstone had a perfectly fine year from a business perspective and added more clients. The market drop provided great tax planning opportunities for clients, and we were very busy trading in portfolios.”
In 2021, she says the boutique firm she runs with Jill Boynton anticipates continued growth and expects to keep busy: “While politics, the virus and massive unemployment make for uncertainty all over, the fact is that people need guidance with their money, their planning and their investments.”
Cornerstone has grown to a team of eight after adding a certified financial planner in Portland, with plans to add another in Portsmouth, N.H.
Veligor predicts that remote working is here to stay, and that Cornerstone’s financial planners will continue to work from home on occasion “even when the world is safe again.”
