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Financial Planning: Planners offer pro bono advice as coronavirus takes toll on businesses

By Jessica Mathews at Financial Planning

"Some financial advisors, including Mahoney and Alex Wilson of SmartPath Advisors, are offering budgeting and financial advice for free to those who have been impacted. Mahoney and Wilson are using Twitter to get the word out, setting aside time slots in their week for video meetings and calls.

“I have many friends already feeling the impact of COVID-19 on their small businesses,” Wilson said in an email. She posted her offer on March 15, and says she has received one response so far from a friend who had to close down her art studio, which served children, amid virus fears.

While Mahoney and Wilson are offering pro bono services as individuals, it is likely organizations that have offered support in the past will step up.

A Financial Planning Association spokeswoman said the group is “exploring some possibilities” for helping financially strapped individuals."

Read more at Financial Planning >