Equity Comp Pandemic Planning: Leading Financial Advisors Headline myStockOptions Webinar
20 July 2020
Like all storms, both literal and figurative, the pandemic of 2020 will pass, but at the moment it's a wild ride. Like everything else, company approaches to equity compensation and the financial-planning strategies advisors must consider for clients are being heavily impacted by Covid-19 and its ripple effects.
After wild waves in the stock markets, financial planning for stock compensation continues to be tested by volatility, economic uncertainty, corporate layoffs, and indefinite employment furloughs. It is more important than ever for financial advisors to re-evaluate approaches in this planning niche. Client strategies that may have been ideal for the economic boom years may need adjustment or revision in the unprecedented circumstances of the novel coronavirus.
Webinar: Financial Planning For Stock Compensation During The Pandemic
This is the subject of a special one-hour webinar from myStockOptions on July 22. Bruce Brumberg, the editor-in-chief of myStockOptions, will moderate a panel discussion among three leading financial advisors and a top compensation consultant:
In this online event, leading financial advisors and equity comp experts will discuss how to reconsider planning for stock compensation and company shares amid Covid-19 and its fallout. Registration is open at the webinar homepage.
The webinar discussion panelists are:
- Meg Bartelt, CFP® (Flow Financial Planning)
- Tim Kochis, CFP® (Kochis Global, former CEO and Chairman of Aspiriant)
- C.J. Van Ostenbridge, CEP (Infinite Equity)
- Jane Yoo, CFP® (Jane Financial)
- Bruce Brumberg, discussion moderator (myStockOptions)
After explaining how companies are changing their stock grants, including trends in approaches to underwater stock options, the discussion will turn to what the pandemic and its impacts mean for financial planning. Key topics:
- what to do with vested stock options
- strategies for nonqualified stock options and incentive stock options
- whether to immediately sell restricted stock or restricted stock units when the grant vests
- whether to participate in an employee stock purchase plan, and ESPP benefits even in down markets
- special strategies for grants in private companies
- helping stock comp clients through layoffs, furloughs, and new job opportunities
The webinar offers 1.0 CE credit hour for:
- Certified Financial Planners (CFPs)
- Certified Equity Professionals (CEPs)
- CIMA and CPWA
Webinar Joins Related New Financial-Planning Articles
Many employees with stock compensation are facing tough choices with their equity grants and holdings of company shares.
- You may need to sell company stock for cash to meet living expenses.
- Your company's stock price has probably steeply declined and rebounded, going through volatility that makes you wonder about your equity comp and financial planning.
- You may have lost your job or been furloughed, or you may have changed jobs.
New articles at myStockOptions address these and other timely topics:
7 Things To Know When You Sell Company Stock To Raise Cash
For reasons beyond your control, you may find yourself in a position where you suddenly need to sell stock for cash to meet urgent living expenses. When selling stock you must always proceed with caution. Review this checklist of topics to understand on tax, company, brokerage firm, and SEC rules.ESPPs Offer Special Benefits In Down And Volatile Markets
ESPPs cannot be "underwater" like stock options, but a declining stock price can have an impact on your plan participation and the tax consequences. This article explains what you need to know for participating in your company's ESPP with a falling or volatile stock price.What To Do With Your Just-Vested Shares After Your Company's Stock Price Drops
Market volatility can rattle anyone's financial plan for stock compensation and company shares. What should you do with shares acquired from equity awards now? Sell them immediately? Hold them in the hope that the stock price will recover? Should you change the strategy you've been following? This article provides a financial planner's insights on how to consider these questions.
These articles join our longstanding expertise on equity comp and company stock during down markets in our sections on volatility and job loss.