March 6, 2022
Our thoughts are with the people of Ukraine and everyone who is impacted by the war, whether in Ukraine, in Russia or in neighboring countries. The international community has largely come together and we are heartened by the degree of global coordination by governments, business and regulators in the pursuit of peace for the region.
We have implemented a suspension of purchases of Russian securities in client funds and accounts and reduced exposure where possible in the best interest of clients.
This is a complex and fluid situation. As fiduciaries, we take very seriously our responsibilities to our clients and we will continue to assess the environment on your behalf.