Tag Archives: personal hygiene

Money Management during dual crisis

How to Manage a Dual Crisis: Coronavirus and Market Meltdown

The CEO of Source Financial Advisors, Michelle Smith, has issued several suggestions for how the financial community can endure two conflating situations: the economic fallout of the coronavirus and market declines.

Be in Touch

Use technology to maintain contact with clients. Video platforms should be utilized as much as possible to offer a face-to-face personal interaction. While working remotely may mean that things are a bit more casual, it is important to keep things professional.

Be Authentic

The need to maintain decorum and professionalism notwithstanding, it is also important to be genuine with clients. They want to know that their money is in good hands, but they also want to have a sincere conversation about life. Start and end every conversation with a client by discussing their wellbeing. Ask how they are managing and feeling. Give them the assurance they need. Show them that you care about their physical, mental, and financial health.

Michelle Smith advises maintaining professionalism alongside authenticity during these trying times.

Be Pro-Active

When things are uncertain it is tempting to switch to preservation mode. We have a fiduciary responsibility to do our best for those who are already clients; we may not have the bandwidth to grow our business. But as we focus on the clients we have, we should also maintain business contacts and relationships that can help our business in the future. Look for opportunities in various sectors and actively pursue leads.

Be Thoughtful

Clients are worried about a lot of things right now. It is the job of financial planners and economic advisors to ensure that money is not an additional concern. The current health concerns coupled with economic uncertainties present people with two extremely basic fears: being alone and broke. Now is not the time to overwhelm clients with statistics and trends. Listen closely to what the clients are saying and what they feel most comfortable with at this time. This is unchartered territory for everyone. Every individual, business owner, team leader, and industry specialist is figuring out how to navigate these uncertain times. In the money management field, being attentive, genuine, forthcoming, and caring is the best business practice right now.

Stepan Profits From Supplying Manufacturers Worldwide

Stepan Company (SCL) manufacturers and markets chemical ingredients to manufacturers in several industries around the world. Stepan sells ingredients for cleaning, personal hygiene, lubricating , plastics, biodiesel products etc. It also sells polyols that are used to produce insulation board for construction in addition to many other chemical products used in the automotive, boating pharmaceutical and food industries.

The company was founded in 1932 and today employs over 1,500 people. It manufactures and sells to manufactures in North and South America, Asia and Europe. In June the company “acquired Clarinol, Marinol and Pinnothin product lines from the Lipid Nutrition B.V.company which is a subsidiary of Loders Croklaan B.V. “

Stepan has good financial statements and also good revenue growth. The Stock has continues to be strong in spite of the world financial upheavals. I believe that is because the company provides intermediate ingredients for products that are considered basic necessities rather than luxury products. The company has also been distributing quarterly dividends for over 5 years.

The VP and CFO is James E. Hurlbutt who has been with the company since 1996. Mr. Hurlbutt has worked his way up from International Controller and Tax Accounting Head to Company Controller to VP of Finance to becoming the CFO in 2008. The current VP of Corporate Controller is Matthew J Eaken. These two officers are doing a good job keeping the company on course during these financially volatile times.