COVID-19 Updates
We are committed to serving you during these uncertain times. Our staff is available via phone, email and virtual meetings during normal business hours. If you have any questions, please reach out to your RCG advisor or call 407‑422‑0252.
Please visit the following page for more information on check deposits: Mailing Checks.
For your safety and that of our staff, we are encouraging the use of our secure Virtual Vault in place of mail wherever possible. Our Virtual Vault resource page has several articles you may find helpful to using the Virtual Vault.
Below you will find our latest communications on COVID-19.
The third quarter saw equity markets continue their recovery from the March 23rd lows. International small company stocks (per the MSCI EAFE Small Cap Index) led the way, returning 10.25% for the quarter, followed by emerging markets (per the MSCI EM Index) with a 9.56% return.
The second quarter 2020 saw a significant rebound in equity markets following the jolting declines in the first quarter. Domestic small company stocks (per the Russell 2000 Index) led the way with a return of 25.42%, followed by the S&P 500 with a return of 20.54%.
RCG has adopted a phased approach to reopening, allowing only limited staff in our offices through July. Our goal is to have our full team back in the office by mid-August, though our plans remain flexible. We are tentatively targeting mid-September for a return of in-office client meetings. It is our desire to see you again in person soon, but safety is of utmost concern as we forge ahead in this new normal.
As the stock market tumbled 30% in March, investors struggled to find a reason to be optimistic. April brought a recovery from the March lows as domestic small company stocks led the way with their best monthly performance in almost a decade.
To say that equity markets had a challenging start to 2020 would be an understatement. The record highs reached in mid-February by the S&P 500 seem like a distant memory after the 30% drop in March – the quickest decline from a new high ever recorded.
To comply with the recent Orange County Emergency Executive Order, and to ensure the health and safety of our clients and staff, all employees will work from home beginning Friday, March 27.
Although we are in uncharted waters, remember that we’ve been in unfamiliar territory many times before. Markets have always recovered, and each time they have moved on to all-time highs. We strongly believe this time will be no different.
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.
The coronavirus COVID-19 continues to spread and many people are apprehensive about possible disruptions to consumer spending, supply chains, and manufacturing.
