Forward Momentum™: Fresh Insights
KEEPING TODAY'S FAMILIES INFORMED AND INSPIRED
Our goal is to keep you inspired, informed, and connected to the leading voices and current thinking in the industry.
In our new interview series, Amy Hart Clyne, Chief Knowledge & Learning Officer and head of the Gen7 Project™, speaks with leading experts in the wealth and family industry.
Amy recently spoke with author and industry expert, Dr. Dennis Jaffe, about How Resilient Families Can Respond to the Pandemic. Dennis shared how today’s pandemic crisis is turning everyone’s world upside-down in ways that couldn’t have been anticipated just a short time ago. After a half-century of observing and sometimes resisting the increasing pace of change and the many innovations disrupting our behavior, we are now encountering an environment that makes it impossible not to change. Dennis shares stories of long-lasting families that point to experiences and learnings that allowed them to survive for the long term.
The ongoing COVID-19 pandemic has disrupted everyday life, creating waves of economic and social impacts across every continent and throughout every community. There’s no doubt it is a financial and business challenge, but it is also a very human one. Families are grappling with how to stay connected and what good governance looks like in this unprecedented crisis. To help family leaders and family offices see and solve these challenges, Pitcairn has created a discussion framework that serves as a jumping off point for a meaningful family dialogue.
Chief Investment Officer Rick Pitcairn recently shared his insights on the impact of the coronavirus on employment, oil prices, global markets, and economic volatility. He reflected on how Pitcairn’s long-term investment perspective is designed to weather these turbulent times.
MORE THOUGHTS FROM RICK
Rick has received many questions about the effects of the pandemic on the markets and economy. He’s separated his responses into three broad categories: healthcare, emerging market performance, and implications of higher US debt levels.
Understanding and observing the proper health protocols in your home and with your family is critical at this time. There are key steps you can take to minimize the risk of infection by creating a “Circle of Safety” around your home. Our Wealth Momentum partners at Private Health Management shared helpful tips that detail best practices to follow when entering and leaving your home, cleaning and disinfecting your home, making a plan in case someone gets sick, and more.
Our normal schedules of work and school provide us with personal time apart from our families. During everyday life, we often crave more time at home. But spending all day, every day at the house can be a challenge. Frank Wells, LCSW, Freedom Institute's Director of Family Services suggests some guidelines for surviving home quarantine during this moment of the pandemic.
The National Center for Family Philanthropy Leadership offers this guide, “Leadership in Difficult Times: Guidance for Donors and Giving Families,” as an initial compilation of lessons and suggestions to help you act in the near-term.
PREFER A WEBINAR?
For those with a private foundation, our partners at Foundation Source are hosting a webinar on April 14th at 2pm EST. Join Jeffrey D. Haskell, Chief Legal Officer, and Page Eberstadt Snow, Chief Philanthropic Officer, as they explain how foundations can provide emergency support in times of crisis.
Here’s a great opportunity to take a break from the news and find some happiness. Yale University has made its most popular course, “The Science of Well-Being,” available online. Taught by Professor Laurie Santos, this 4-week class offers science-backed habits to help us live a happier and more fulfilling life. Who doesn’t want that?
This is not your typical college course - there is no homework, and it’s free!
MORE OF A PODCAST FAN?
You are in luck. Professor Santos also runs the Happiness Lab Podcast. She has created a special section called “Coronavirus Bonus” where she talks about her research and applies it to the issues and emotions we’re all dealing with in this new world.
This publication is prepared by Pitcairn’s Gen7 Project™ for the exclusive use of its clients. The information provided should not be construed as imparting legal, tax, or financial advice on any specific matter.