John Adams—the United States’ first vice president—called his role as second-in-command to President George Washington “the most insignificant Office that ever the Invention of Man contrived or his imagination conceived.”
In addition to minor tweaks in asset class exposure, there was no meaningful change in cash flows, as allocations to cash have remained unchanged for almost two months.
In addition to changes in asset class exposure, client cash levels have not changed in any meaningful way for the past six weeks.
How the industry will change post COVID 19, and actions you can take to position yourself as an essential advisor and trusted partner in helping clients achieve financial wellness.
Allocations to cash have stabilized over the past few weeks with allocations hovering down to 4.17% from 4.29% the prior week.
Members of Congress are have been back in their home states and districts for the last two weeks and won’t return to Washington until July 20.