An Update from Dimensional's Co-CEOs on Covid-19 Response
Being prepared for a wide range of outcomes and adapting to new information is the Dimensional way.
Given the global nature of our business, we started monitoring COVID-19 and its potential effects as the virus was spreading in Asia. In January, we began taking steps such as limiting international travel and implementing remote work arrangements in the affected areas. We also initiated an extensive level of planning and testing across our entire global organization for a range of possible scenarios, including a global pandemic. We would like to update you on measures we are taking to continue managing your investments effectively while also protecting employees and our community.
SAFEGUARDING OUR ENVIRONMENT
As a firm, we have taken many steps to help protect the wellbeing of our employees and anyone with whom we interact. Those steps include eliminating business travel, postponing or canceling client events, and shifting most meetings to teleconferencing. We’re well equipped given the substantial investment we’ve made in virtual capabilities over the past several years. We remain committed to engaging in meaningful conversations with clients and providing the same high level of service as we leverage technology to connect in an environment that’s safer for everyone.
Our employees globally are equipped to perform their important functions remotely. All of our teams have tested remote work capabilities, and a large portion of our employee base is already working from home. We are prepared to operate with all of our employees working from home.
Dimensional has a business continuity plan that we continually review, test, and evolve. A team responsible for that plan is meeting multiple times a day to monitor the current situation, enact necessary measures, and implement preparedness procedures across all aspects of our business.
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Robert J. Pyle, CFP®, CFA is president of Diversified Asset Management, Inc. (DAMI). DAMI is licensed as an investment adviser with the State of Colorado Division of Securities, and its investment advisory representatives are licensed by the State of Colorado. DAMI will only transact business in other states to the extent DAMI has made the requisite notice filings or obtained the necessary licensing in such state. No follow up or individualized responses to persons in other jurisdictions that involve either rendering or attempting to render personalized investment advice for compensation will be made absent compliance with applicable legal requirements, or an applicable exemption or exclusion. It does not constitute investment or tax advice. To contact Robert, call 303-440-2906 or e-mail info@diversifiedassetmanagement.com.
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