Dear valued clients,

As you know, there has been a rise of coronavirus (also known as COVID-19) in our region.  While we are taking this public health matter very seriously, we see no reason for concern or panic from the investment standpoint. Moreover, we have implemented our business continuity plan to further reduce the probability of contracting and transmitting the virus among each other and with you, our valued client. 
 
While our offices remain open, we are limiting outside visitors and are scheduling in-person meetings by appointment only. Furthermore, many of us, will be working from home and rescheduling in-person appointments by telephone or video conference where feasible. Most importantly, we are here and will continue to work for you without interruption. Personally, I am available by phone anytime you have questions or concerns. Additionally, our entire investment management team has been working remotely since the New York outbreak first came to light to minimize the risk of any disruption to their important work.   
 
While we expect there will be continued turbulence ahead, markets are likely to calm well before the peak of the crisis. Predicting the timing of the market turn is unrealistic; and we believe staying true to one's long-term objectives is the best reaction to this crisis. Our research has shown that in previous economic shocks, both markets and the economy recouped losses soon after crisis concerns had eased. While the length and depth of the outbreak may have significant short-term effects, we expect a similar recovery from the coronavirus shock once the outlook stabilizes. We are actively monitoring and modeling the potential impact of the coronavirus on the economy and investment universe and will continue to take portfolio action as appropriate. Our investment strategies seek high quality companies with low leverage and high earnings visibility. In practice, this provides a natural bias against companies with higher macroeconomic exposure. This has helped our strategies hold up relatively well during this crisis and should result in our being well positioned once market conditions ease. 
 
The most important thing to keep in mind right now is that the economy and investment markets will recover from this, just as they have from every previous earth-shaking event.  At 1879 Advisors, we know from generations of experience that discipline and patience during difficult times is even more important than during the good times; and this is the key to long-term success.
 
Please call me anytime if you have concerns or simply want to check up on your portfolio. The entire 1879 Advisors and Bruderman teams are here for you.

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Sincerely, 

1879 Advisors