Summit Office Update and Impact of Elections on Markets
Office Update and Zoom Meetings
We continue to slowly bring associates back to our office building but have been mindful of the recent increase in COVID-19 cases in the area. We currently have 9 associates in the office, including our receptionist, and plan to bring back another 6 associates in August. All remaining staff will continue to work from home for the foreseeable future, but not permanently.
As we anticipate continuing to have meetings in a mostly virtual environment, we have evaluated and approved the following options:
- Conference call with screen share – Your team will send you a phone number to join the conference call and a separate link to view reports on their screen during your meeting. There are no webcams involved, so this works best if you do not have access to computer audio or video.
- Zoom – Zoom has made significant improvements in their encryption and security protocols and we are now comfortable utilizing their service for client meetings. All Zoom meetings will require a secure link to be initiated by your team. Zoom works best with computer audio and webcams (you will see us, and you have the option to turn on your webcam if you’d like us to see you) and includes the ability to screen share by all meeting participants.
- Microsoft Teams – Similar to Zoom, Microsoft Teams works best with computer audio and video and gives meeting participants the ability to screen share.
In-person meetings are available upon request if your Advisor has returned to working in the office. All meeting attendees will be asked to wear face coverings and practice social distancing.
Please reach out to your team with any questions.
Markets and Elections
With the presidential election less than four months away, we are already receiving questions about how the market is anticipated to react to the results. While we conclude it is difficult to identify consistent return patterns in election years, markets are typically positive in an election year and the following year. The market usually (but not always) anticipates the outcome of an election and has already priced it into security valuations. For some historical perspective, see the “Market Returns During Election Years” presentation on our Client Resources page.