Compass Watch
Over the course of 2020 investors experienced new market highs (February), new market lows (March), and then a return to new market highs (November). Investors also witnessed a global pandemic, national civil unrest in response to the death of George Floyd, many workers transitioning to work-from-home, and a presidential election.
There is an old adage: “People don’t plan to fail, they just fail to plan.” Planning for a transition is an important service we provide at Compass. Many advisory firms have attempted to become comprehensive “financial planners,” providing one-stop legal and tax-related advice to their clients, as well as selling them insurance and expensive investment products and services.