Business Continuity Plan and Market Update
As a valued client, your peace of mind is of utmost importance to us. With regular updates about COVID-19 in the news and increasing reports of confirmed cases, we want to stay vigilant and proactive in our communications with you.
RCG’s Business Continuity Plan
As Floridians, we’re no strangers to contingency plans. We have a tested business continuity plan in place to ensure that you continue to receive the best service possible during periods of uncertainty. We have also equipped our employees with the technology necessary to allow them to work remotely should circumstances call for it.
RCG has many clients who live throughout the United States. In order to meet the needs of those clients, as well as local clients who are unable to attend in-person meetings, we have various technologies that allow us to hold meetings virtually or by phone.
We will continue to monitor information from the Centers for Disease Control and local health officials to guide our decisions. Based on current CDC recommendations, we are still holding in-office meetings. If you are hesitant to visit our offices, we will gladly make accommodations to ensure that you have access to your advisor to discuss your plan.
Market Update
We are likely to see continued volatility in the market as uncertainty surrounding COVID-19, the presidential election, and oil production persists. The chart below demonstrates that the stock market moves in cycles with periods of contractions followed by periods of expansions. No one can predict market declines or recoveries with certainty.
Stock Market Contractions and Expansions (1973-2019)
Our previous communication on market volatility has some additional information on global equity markets and their reaction to global outbreaks. You can read it by clicking here: Recent Market Volatility and the Coronavirus.
As is customary, our team is strategically reviewing opportunities for portfolio rebalancing and tax-loss harvesting. Throughout our nearly 32 years in business, we’ve helped guide our clients through periods of market volatility and will continue to do so during these challenging times.
Thank you for placing your confidence in us. Please do not hesitate to reach out to your advisor should you have any questions. We’re here to help.PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. Indices are not available for direct investment; therefore their performance does not reflect the expenses associated with the management of an actual portfolio. The index returns above assume reinvestment of all distributions. This information is for educational purposes only and should not be considered investment advice or an offer of any security for sale.
