Insightful Articles

As society attempts, with much pushback, to adhere to social distancing guidelines to contain the spread of Covid-19, businesses and organizations across the spectrum have loaded up on tools and technologies to adjust and continue operating under a new normal. Restaurants, where dining has been restricted by capacity limits, must rely more on take-out and delivery services, he added. Leading delivery operators like Uber Eats, DoorDash and Postmates also rely on online payments to carry out transactions.

Our industry, our country, and the entire world was turned on its head in March as local and federal governments began to institute widespread stayat- home orders. While some RIAs were caught flat-footed from a technology perspective, the RIA industry has been luckier than many brick-andmortar establishments that needed to completely shut their doors during this unprecedented time. With most custodial systems, financial planning tools, CRMs, performance reporting technology, and data file servers now in the cloud, many RIAs did not miss a beat when employees fired up their internet-connected computers from home and logged into their typical applications.

Even though many economic indicators are falling the stock market continues to rise and reach record highs. The top 10 stocks in the S&P 500 are up 37%, while the other 490 companies are down 7.7%. The big giants are critical for the performance of the S&P 500. With many companies operating overseas, their success also isn't directly tied to the American economy. The FAANG (Facebook, Amazon, Apple, Netflix, Google) are generating about half of their revenue overseas. #Privatewealthpartnersllc #investments #growthopportunities

Google is making a stance and entering further into the banking industry by setting up digital checking and savings accounts with established banks. Some of the banks are BBVA USA, First Independence Bank, and SEFCU. #Privatewealthpartnersllc #investments #growthopportunities

Home Depot is strengthening and bolstering their supply by opening distribution centers and investing $1.2 billion in supply-chain facilities. Through these investments, Home Depot is hoping to offer same-day and next-day delivery to 90% of the American population. This investment and focus are because Home Depot saw an uptick in online sales in recent months due to COVID-19. #Privatewealthpartnersllc #investments #growthopportunities