In Light of Recent Events...

In light of world events, we felt it appropriate to acknowledge what’s going on in Ukraine. We wanted to take a moment to express our concern for all of the people impacted.

What we know

Russia announced a "military operation" in Ukraine on Wednesday night, sending troops into the ex-Soviet nation from three fronts and firing missiles on several locations near the capital in an attack being condemned by many world leaders.

What does this mean for the markets?

We've seen some market volatility for several weeks and these events in Eastern Europe have pushed us into a market correction. Market corrections are normal. Since 1950, the S&P 500 has experienced an average of one 10% correction per year.

What we're doing

We're keeping a close eye on the markets and how they may react to these events. Our plan is always to be proactive. Our first responsibility is to you, our clients, and we will keep you abreast.

Things to keep in mind

It is important - even in times of geopolitical uncertainty - that we take a breath and step back to consider how this event will impact you, your family, the world and your portfolio in the long-term. What will this mean at the end of year, rather than at the end of the day?

This is a nerve-wracking moment accompanied by a lot of noise from the television and social media. Remember: Market timing is a perilous journey. We are keeping a close eye on the events in Ukraine. We are prepared. And we have built a plan to withstand the road ahead.

Take a look at this chart from J.P. Morgan Asset Management. Despite average intra-year drops of 14%, annual returns were positive in 32 of 42 years.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.