Amid the concerns about COVID-19 and the stock market’s response, we want to assure you that Story Capital remains in full operation.
It has long been a business continuity priority at Story Capital that all team members are able to work location independent while remaining fully integrated with each other as an operating team. Our technology stack has been selected to permit our operation from any internet connected location around the globe on a fully secure basis.
Story remains performance and communication capable with our entire network of affiliates and vendors. Your financial resources are important to you and our full operational capability and business continuity during times of natural disaster or unforeseen issues like COVID-19 are part of our commitment to securely and continuously serve your family.
If you have a meeting scheduled with us and wish to conduct the meeting remotely, we are pleased to do so. Most clients with meetings currently scheduled either in our Baker office or their own office are requesting a shift to web-based meetings instead of face-to-face meetings in compliance to the concept of “social distancing.”
Our team is taking maximum precaution to remain personally healthy.
A quick note on the market:
The market itself is a complete unknown factor in the short run. In the longer-term, as we saw with the market disruption in 1987, 2000-2002, and again in 2008, the markets do recover. The pace of recovery is always the unknown. Patience is an investment virtue. The need for patience is why Story always advocates for maintaining liquidity in various forms like individually held, AAA rated, Minnesota Municipal General Obligation Bond Ladders. Though old-fashioned, this vehicle is powerfully effective at providing liquidity for state and federal tax-free income support or as “dry powder” when our clients desire to take buying advantage of market downturns like the present. Client liquidity leads to client financial flexibility.