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With unprecedented health concerns and economic uncertainty at the forefront of everyone’s mind, Edward Marshall sat down with Richard Perez, to provide guidance on how to put these events into perspective. Edward shared tactics on how to weather environments like those we are experiencing such as:Putting uncertainty and market volatility into perspectiveImportance of proactive communicationHow to develop an action plan

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law in the U.S. on March 27, 2020. The legislation has brought about sweeping changes meant to provide relief to individuals and businesses. As part of the CARES Act, certain changes were made with respect to tax benefits to incentivize charitable giving.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") was signed into law. The CARES Act provides emergency assistance to individuals, families, and businesses affected by the COVID-19 pandemic. The CARES Act is divided into two divisions: Division A includes programs to benefit individuals, companies, and the health care system affected by COVID-19; and Division B describes the supplemental appropriations to help the government respond to COVID-19. A summary of the CARES Act outlines and details the assistance available.

Black swan events—like the 2008 financial crisis and the COVID pandemic—often come with high velocity and are slow to recover. While these events are difficult to predict, the best way to get ready for the next crisis is with extreme preparation. Looking ahead with intentional risk management, here are 8 ways to prepare your business, family enterprise, or family office to better position itself to respond and adapt.

What started as a China-specific issue is spreading fast across the globe for one business after another. One estimate says organizations may lose up to $1.1 trillion before the COVID-19 tragedy ends. Korn Ferry experts believe leaders must rely on agility, transparency, and forward-thinking strategies throughout the crisis.View the video series to learn more about leading in a time of crisis:

For the last three decades, success for an asset manager was simple: generate returns. But with a maturing industry going through disruption, the formula for success is no longer clear. To evolve their business models to meet market pressure and consumer demands in a bifurcated industry, asset-management leaders need to keep talent fully engaged and in a learning mindset.

As the human and economic toll of the coronavirus mounts, no sector of the economy has been immune from the downturn, and this includes family offices. Depending on the size and scope of the family office, there are a number of factors—including human capital, data, and cybersecurity and technology management—that need to be considered in navigating these uncertain times. After considering some or all of these factors, a family office may be best positioned to invest in the depressed equity and credit markets.

This is not “business as usual.” Organizations of all sizes and spanning virtually every industry are being heavily impacted by the COVID-19 global health crisis. As you assess the short- and long-term implications for your business or organization, you may find that you or a third-party partner is unable to perform the essential terms of a contract. Can and should you invoke a Force Majeure clause? If your contract with another party does not include one, what’s next?

After three false starts, the hibernating bear has come out roaring with the sharpest peak-to-trough decline in global equities on record. Governments, business leaders, and individuals are putting commerce on hold and accepting the cost of a likely recession to curtail the spread of COVID-19. The recession period is expected to be brief, provided measures to contain the spread and policies to address economic disruption are effective. Rebalancing portfolios is always difficult, especially during bear markets.

The IRS recently released the April 2020 interest rates used for estate planning purposes. As expected based on recent market conditions, these rates are at or near all-time lows. These low rates, combined with potentially-depressed asset prices and temporarily-high estate and gift tax exemptions (currently over $23 million for a married couple, but scheduled to sunset after 2025), make the economics of current estate planning transactions very attractive.