I trust everyone is healthy and taking precaution this week during these historic times. It’s encouraging to see examples of compassion and kindness through my days, as humanity seems to be stepping up and taking care of each other, which is not only important but will prove the fundamental reason that we rise through today’s challenges with strength.

I’m very proud of all of you; my clients, friends and family – it’s encouraging to know that we are all surrounded by love, empathy and benevolence.

I must say, I’m really enjoying these morning letters, it’s helpful to step back from all of the noise and put things into context --- helping my clients with perspective is, in turn, helping me formulate strategy on a daily basis. Although the outlook right now seems to be plagued with uncertainty, our strategy remains the same. You have goals and our job is to help you achieve those goals.

Our unwavering focus and at Henderson Wealth is keenly rooted in risk management and we are in preservation mode at the moment which, in my mind, is the genuine value of working with our team. When the time is right, we will pivot from preservation back to focusing on growth which may take some time, but I see opportunity for us to begin deploying back into some select investments in the near term. Again, from our perspective, this is a historic opportunity to be an investor, an opportunity for us to significantly increase your financial capital over time.

Now, I wanted to share with you some perspective this morning

Our practice at Henderson Wealth is unique in the sense that our approach to Wealth Management is multi-disciplinary, focused on what we define as Family Wealth Our definition of family wealth consists of:

• Human capital
• Intellectual Capital
• Financial Capital
• Social Capital

I’ve purchased you all a copy of my favorite book by James E Hughes “Family Wealth: Keeping It in the Family” that fleshes these concepts in more detail, but I thought given what is happening around the world at the moment, I’d share the concept with you. At this moment I feel that our business and our approach has never been more relevant.

Financial capital is obvious and consists of all the things much of the media’s attention has been focused on; your investments, real estate, and business interests. Of course, these assets are important as they form the foundation of your opportunities, and the means of extending your legacy. John Hughes Jr., defines the wealth of a family as the human and intellectual capital of the family, with financial capital being used to support the growth of the family’s human and intellectual capital.

Human capital: your personal & family heath, self-esteem and other aspects of us as individuals. These aspects, these assets require just as much attention and focus as our financial health, they are the only true assets that matter – health is wealth.

Intellectual capital: your knowledge and continuous learning is also extremely important to your family wealth. I encourage clients to always be reading, always be focused on professional development and personal development as it’s through this effort and this work that will enable you to thrive and significantly enhance your ability to pass your knowledge down through generations --- this work will prove impactful.

Social Capital: this one is not in Hughes’s book but, in my mind, it’s as important as the others. You’ll often hear me say “your rolodex is your biggest assets”. We are all fortunate to have built a network of family, friends, colleagues and advisors over the years…. developing a flourishing and mutually beneficial set of networks and leveraging the relationships is not only beneficial to the Family Wealth, but it’s the best part about growing as individuals.

I firmly believe --- It’s our relationships that matter most

So, keep in mind and maintain perspective, although the financial markets can certainly have an impact on your financial capital, these assets are just one element that make up your families “portfolio”. In times like these it’s important for us to realize that we have a family system comprised of wonderful resources, resources that we have invested in and grown over time….ongoing investment in these aspects of our lives will continue to enhance our Family Wealth.

Stay healthy and remember, together we will grow