March 18, 2020
Dear clients and friends:
I hope this letter finds you and your loved ones healthy and doing well considering the circumstances. I am writing you to provide an update of how Wainwright is responding to the coronavirus crisis, and to assure you that we are fully operational, and here to assist you through this trying time.
To ensure the safety and well-being of our personnel, clients, colleagues and communities, we have implemented our Business Continuity Plan, which is designed to both minimize the impact of significant business disruption and continue with normal business operations as efficiently and seamlessly as possible. Our team is working from remote locations, with full access to our systems, and leadership is in daily contact with Wainwright’s Business Continuity Team to ensure we have complete information to respond effectively in the current environment.
Our primary focus is to continue to deliver uninterrupted service and guidance to our clients as we journey together through this extraordinary time. We are here for you and are prepared to work together to meet the challenges posed by these events. Our research, trading, monitoring and reporting capabilities will not be affected. We are monitoring guidance from the Centers for Disease Control as well as the latest developments from local, regional and global governments.
While we will miss our face-to-face interaction with our clients for the time being, we remain dedicated to serving our clients, responding promptly to inquiries, and arranging and attending meetings by phone and/or video conferencing.
We expect this crisis to impact the economy as well as our client portfolios for the foreseeable future, and we continue to remain vigilant in monitoring your investments. Every client situation is unique, and we are available to make portfolio adjustments or accommodations as necessary. Accordingly, please call us at any time with any questions about this crisis, the markets or your accounts; we are here to help.
Stay safe and be well.
Chairman, Chief Executive Officer & Chief Investment Officer