Forefront Communications

Xignite Blog: Knowledge Is Power: Guidance and Insight from Xignite Clients Amid the Coronavirus Crisis

Xignite

Alexandra Hamer

Alexandra Hamer

At Xignite, we are proud to work with hundreds of fintech and financial firms that serve their clients and communities in countless ways. Our clients offer not only amazing products and services, but also thought leadership, market analysis, helpful tips and much more.

The current moment is no exception. The coronavirus crisis has upended every corner of every industry, including financial services, and while there are issues at play that go beyond the bottom line, many investors are now scrambling as they attempt to make sense of high volatility and slumping markets as well as the potential long-term implications. Fortunately, our clients have been hard at work providing guidance, insight and support to a world that badly needs it. Below, you’ll find just a few examples.

Betterment – Market turmoil has influenced many people to take a hard look at their investment strategies. In a recent article, Adam Grealish, Director of Investing at money management platform and roboadvisor Betterment, gives an overview of how infectious disease outbreaks from history have affected the markets and encourages investors to reduce portfolio risk and read the news with a discerning eye.

BlackRock – BlackRock is one of the biggest firms out there, and their response to the coronavirus crisis has been proportionate. The firm has committed $50 million to relief efforts, benefiting charities like Feeding America and the Robin Hood Foundation in the US and the National Emergencies Trust in the UK. They have also committed to supporting local food banks around the globe.

Ellevest – Managing your physical health is obviously the top priority, but Rachel Sanborn Lawrence, Director of Advisory Services at roboadvisor Ellevest, argues that this is also a good time to turn an eye toward your financial health. She provides tips on emergency savings, loan refinancing, investing in yourself and staying sane during a turbulent time for the markets.

Moneyfarm – With markets declining sharply over the past six weeks, many investors are considering moving into cash and withdrawing from the markets altogether. By examining different scenarios, wealth management platform Moneyfarm argues that missing out on recoveries can be very costly for long-term investors, suggesting that a wait-and-see approach may be the best move.

To read the full article, click here.

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