An Important Message from LionsGate Advisors® Regarding COVID-19
The mission at LionsGate Advisors is to "Accelerate the Impact of our Clients' Wealth." It can be challenging, however, to consider acceleration when the world seems to have slowed to a crawl, and we are feeling anxious, afraid, and potentially unsafe. Reports of COVID-19 (coronavirus), stock market volatility, lockdowns and social distancing are a constant presence. Fear of what else could happen next has been rising.
Two presidents, each knowing something about crisis situations, provide us with valuable perspective. Franklin Roosevelt famously said in his 1933 Inaugural address, "the only thing we have to fear is fear itself." A generation later, Dwight D. Eisenhower said, "I have always found that plans are useless, but planning is indispensable." We believe a key antidote to fear is planning. Our team has long been planning-for our clients and for ourselves-to face situations like this one. Our clients know how we've structured their finances to weather this storm. And internally, we have prepared ourselves through us for contingencies that are now being carried out in an effort to weather this current environment, including our corporate Business Continuity and Disaster Plan.
During these volatile market conditions, our team continuously monitors client portfolios, adjusting allocations and maintaining the balance to achieve long-term goals. We remain committed to maintaining the noncorrelation of portfolio assets, so important to diluting as much risk as possible.
Our attention and philosophy are intentional. While "black swan" events are rare, they happen, and our comprehensive, holistic financial planning process has already accounted for changes like this one.
Our Office Operational Modifications
Although we fall within one of the "essential business" classifications under State and County orders, some of our team members have been working from home, and they will continue to do so until we have clarity on their safety. The health and safety of our clients, team members, and communities in which we live requires that we all do our share to slow the virus's spread, thus allow our health care professionals and medical suppliers the time necessary to treat people most at risk.
Calls to our offices will be redirected to the appropriate member of our team to address your issues or concerns. At our clients' preference, in-person meetings will be moved to video calls or rescheduled to a later date. Masks will be provided to any visitor to our office, and we have adopted a routine of frequent preventative disinfectant sweeps throughout the day.
Technology In These Times
Video conference and remote management systems have been a staple of our practice for those client families who live out of our area and for the education classes we teach at University of Missouri Osher for Adult Learners and at both St Charles Community College and St Louis Community College. We utilize enhanced security for all of our online meetings to protect data and respect the confidentiality of our clients.
Clients with brokerage accounts will still be able to access their investment information through their Pershing account portal 24/7. Updates on insurance, annuity and other investment products can be requested at any time, as always.
Rumors spread faster than the virus itself (even when maintaining social distance!) and they can provoke unnecessary fear. For your own sake and the sake of those you talk to, please be vigilant in verifying information. It’s best to ask the experts if a rumor cannot be confirmed. Go to the websites of the CDC and the WHO.
Concentrate on staying safe and healthy. Know that the team at LionsGate Advisors will work with you and that together we will adjust as the environment changes. We are here should you have any questions or concerns and do not hesitate to contact us.
“God, You alone are worthy of honor, glory, and praise. With You, we can overcome every storm—including COVID-19.
Right now, we are asking You to:
- Heal those who are sick and protect those who are not.
- Give our leaders extra wisdom as they navigate this pandemic and economic uncertainty.
- Strengthen Your global Church. Reveal to us how we can partner together to reach the needs of those around us.
- Calm our fears. Fill us with Your hope, joy, and peace as we continue to trust in You.
- Use this pandemic to pave the way for spiritual renewal. We want Your glory, power, and healing to be on display.
Come Lord Jesus, come.
In Jesus’ Name, Amen.”
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. Consult your financial advisor regarding your specific needs. Past performance is no guarantee of future results.
Investment Advisory Services offered through Lion Street Advisors, LLC., a Registered Investment Advisor. LionsGate Advisors® does not provide legal or tax advice.