At D.A. Davidson, we know that the advice and service we provide to our clients, particularly in times of uncertainty and market volatility, is critical. Over the last few weeks, the COVID-19 pandemic has created an unprecedented situation within our global economy and all of our lives.
As an 85-year-old company, we have perspective in times of volatility and have weathered many storms. Importantly, we have emerged stronger and more capable than ever to help you through the current environment.
D.A. Davidson is a private, employee-owned company, and we are accountable to our clients and ourselves. Each of our employees is focused on our commitment to put clients first, always. This commitment is reflected in our business philosophy of maintaining a conservative balance sheet, which over the decades has served us and our clients well. As a firm, our financial position is strong.
We believe our strength is proven in our ability to respond during this current global crisis. Over time, we have maintained a business continuity plan, which we are executing across our organization. While we have made the decision to close our offices out of an abundance of caution for employees and our clients, our entire organization is equipped to work remotely. We have strong and tested measures in place to ensure our financial advisors, portfolio managers, investment bankers, traders and other support staff have the resources they need to continue operations effectively.
In these challenging times, we must exercise caution and care, not panic. It is also a time when the advice of an experienced and trusted financial professional is more important than ever. Please know that we remain available by phone or email. In addition, D.A. Davidson is committed to bringing you updates and timely commentary from our market experts. This information and more can be found at dadavidson.com.
We are here for you as we navigate through these unprecedented times together. Thank you for your continued trust and loyalty.
Chairman and CEO
Learn how we’ve prepared
March 16, 2020
D.A. Davidson continues to monitor the COVID-19 coronavirus outbreak and is following guidance provided by the CDC, WHO, and state and local governments. Our focus remains the safety of our employees and clients. We have activated our business continuity plan and have a working group in place to ensure minimal interruption to our business operations and client service. In this regard, we have taken the following steps:
- The firm is implementing remote work and some split shift arrangements in our offices to reduce the number of employees in workspaces. We are preparing should a majority of employees need to work remotely.
- The firm has suspended all international business travel and has significantly limited non-essential domestic business travel until further notice.
- We have introduced a 14-day work from home policy for any employee who has returned from a high risk area or potentially has been exposed to the virus. We also have limited visits to all of our offices by non-employees for health and safety concerns.
We are confident that we are taking the necessary steps to ensure the continued efficient operation of our business. We recognize this situation is dynamic and are prepared to make adjustments as the circumstances require. As always, our clients, our communities, and our employees are our number one priority.