What you need to know right now about RAA, coronavirus and the market.
Before we address how the coronavirus continues to stress the markets, we’d like to first outline some temporary adjustments to our service model that are intended to minimize the impact of the virus on you, your family, and our staff.
Please note, we are here and ready to answer any questions you may have.
For at least the next few weeks, all client appointments will be held by phone or video conference.
While RAA (including all staff members and every aspect of our firm) remains (and will remain) fully operational, until further notice, all advisory appointments will be held via phone and video conference.
Furthermore, to help limit the spread of the virus, we have asked many of our staff to work from home. Rest assured, our technology, operations and advisory teams have prepared well for these types of scenarios. In short, you can expect to receive the same level of service, access and support as you always have, all while knowing with full confidence that your information is being protected through secure networks.
Keeping you informed.
One of our foundational beliefs is that education instills confidence. Keeping you informed is a responsibility we take seriously. Since the first signs of turbulence a few weeks back, we’ve produced, and will continue to produce, up-to-date emails, articles, and videos that clearly explain both what is happening and why it’s happening.
As circumstances dictate and new information emerges, we promise to keep you informed.
Financial Updates and COVID-19.
With the turbulence and the flood of information being shared as a result of the COVID-19 pandemic, it’s likely that you have many questions, concerns, and important decisions to make for yourself and your loved ones. We’re here to help by offering resources that matter to you in this stressful time.
Please take a look at this page for a library of updates and tools we hope you find useful.
Now, about the coronavirus and market turbulence.
I’d like to leave you with these thoughts. First, absolutely no one can tell you precisely where the market is going to be in the future. If ANY financial services professional tells you they know what is going to happen, I suggest you get as much social distance from them as possible.
That’s not to minimize what is happening.
In times like these, unsavory elements will emerge. Please stay on guard and protect yourself from people who are looking to use the chaos in the markets to take advantage of you. Because the fact is, that not only is coronavirus making people sick and doing serious damage to our economy, it’s scaring people.
But what we at RAA can do, is what we’ve always done, and that is to illuminate and provide perspective.
Obviously, we aren’t healthcare providers. We manage investments, make tax and estate planning recommendations, and provide guidance for the airline community to and through retirement. And that means we are going to do everything we can to keep you educated, informed, and to look out for your best interests by adapting our services to protect you and your family. You have our word on it.
The current market situation is something we’re prepared to handle—we have a great plan in place to deal with it, and we’ve been through similar shocks before—so if circumstances change, we will quickly update our plan and adapt.
As always, if you have any questions or concerns, please don’t hesitate to contact us.