March, 25th, 2023
The recent collapse of several banks, domestically and internationally, over the past few weeks have produced some heightened observations here at Ivy Street. Of course, there’s the public, and more common, observations of mistrust in the management of the banking institution and mistrust in the oversight of the banking institutions. How long that mistrust remains at the forefront of the public minds, remains to be seen. We are confident in the financial system. A great deal of the public, is not so sure.
Ivy Street, however, has some observations that may be not as common. We wish to share them with our family clients. These observations, we believe, create a path to the continued growth and security of our financial ambitions.
The first observation we have is related to the security of our assets. Have you reviewed your insurance coverages? Both personal and business? Are they accurate? Are there gaps? The purpose of insurance is to make you whole in case of a loss. Our partnership and investment in our insurance partner is available to each of our family clients. Providing reviews, analysis and options is an obligation of ours to our family clients. The cost to you is time. The risk of not paying the cost, is loss of your hard earned accomplishments. Take advantage!
The second observation we have is the emphasized importance of placement of our assets in areas of security, growth and uncorrelated influence by the institutional performance. Have you looked at the manufactured and mobile home industry? Our experience has shown us that it provides a comfort of liquidity, stability, and growth. We should talk about it!
-Ivy Street