As we all move together through these extraordinary and uncertain times, we wanted to let you know that we are committed to doing our part to help minimize risk to our clients, our teammates and to our community and to help “flatten the curve” as the virus continues to spread around the globe.
Our offices will remain open, however per the guidance of the CDC, State of California and the Placer County Office of Public Health, we will be implementing several temporary measures. Effective today, we will reduce the number of our staff working in our offices and begin having many of our teammates work remotely. We have reduced and/or cancelled all non-essential external meetings and visitors to our office, opting for conference call or video meetings instead. While clients are always welcome to meet in person, we are mindful that you may prefer to hold off doing so during this time, so we are pleased to offer virtual meeting capabilities to you as well.
Our firm employs several levels of redundancies for all our critical functions:
- Communication: Our entire team leverages Microsoft collaboration software which enables us to virtually meet, securely share documents, and remain productive during this period.
- Security: Our security of our corporate network is configured so that any remote teammate accessing company applications or client information benefits from and is subject to the same stringent protocols as when they are onsite.
- Investment Management: Our investment team continues to monitor the markets and is currently evaluating ideas for portfolio updates as investment opportunities arise. They retain the same access to research and ability to trade as when they are in our corporate offices.
- Client Service: Our administrative team continues to have the same ability to move funds, accept deposits and interact with our custodians as per usual. All team members have redundant real-time access to their work phone and voice mail on their mobile phones.
Obviously, this is a dynamic and fluid process and we will continue to assess and be proactive and prudent as more information becomes available. We know market volatility is uncomfortable, we would again like to note that we have already acted last year to reduce equity risk and diversify your portfolios. Markets do and will bounce back as clarity returns. We would encourage our clients to maintain their focus on their long-term goals and to give us a call if they are feeling any unease about the current market environment.
Figure 1: The Best Medicine is to Stay the Course