While Howland Capital has continued to regularly update you on regarding investment news and the market, as we approach the end of summer, we would like to provide you with a firm update.
COVID Pivot and Back
On March 13, 2020, many of us had our “last day” in the office before the pandemic brought the world to a halt. Although the transition was unprecedented, our switch to operating virtually was seamless, in part because we had been performing “disaster recovery” drills as a firm since 9/11. From the very first day of quarantine, our team was able to work remotely and continue to communicate with each other, as well as our clients, as if we were still at 75 Federal Street. While we have embraced Zoom, we still value the team-building communications that take place in person.
We had hoped to start easing back into the office in September, but with the Delta variant, we are taking a cautious approach and encouraging all team members to use their judgement about coming into the office. As we look toward the remaining months of this year and into next year, we will be keeping our hybrid model to retain the efficiency we have been experiencing while fostering focused collaboration in the office. Our hybrid model will also help us continue to maintain and promote a healthy work/life balance for all.
Despite the challenging year, Howland Capital has been growing. In the past 12 months, we have welcomed several new employees to our firm. We are pleased to have added these talented individuals to our team as we continue to serve our growing client base. Our assets under management have also grown through new accounts and investment performance – and now exceed $2.8 billion under management. Thank you to all of the individuals, families, and institutions who have chosen Howland Capital and have been part of our growth!
Commitment to Diversity, Equity, and Inclusion
The year 2020 also highlighted for all of us the issue of social justice. We have formed a Diversity, Equity, and Inclusion (DEI) Committee to ensure the culture at Howland Capital is accepting and inclusive. The team is in the midst of a series of training workshops and are incorporating our learnings into our hiring process, how we communicate internally, and how we contribute to the communities we serve. We are committed to a culture of diversity, equity, and inclusion and understand that this is not only hard work, but a continuous journey.
Investing for the Long-Term
As we begin our return to the office, we continue to invest for the future. We have not only welcomed the several new team members as previously mentioned, but we are also seeking additional professionals, particularly in our tax, operations, and administrative roles. Staying ahead of the growth we are experiencing is a top priority and takes a dedicated effort.
This past year, several long time employees began enjoying retirement. Sophie Costley served in our Operations Group for 46 years, setting a high bar for the rest of us! Joe Flynn was with Howland Capital for over 30 years as a tax manager. He is still involved with the firm, consulting as our Senior Tax Advisor. We are grateful for all their contributions over the years, and everything they have done for our clients. Like other employees who have retired, Sophie and Joe will always be part of the Howland Capital family.
The Howland Capital Family Continues to Grow
While we are mentioning families, we have had some additions to the Howland Capital family recently. In the autumn of 2019, our Office Manager Lisa MacEwen, welcomed a baby boy, Thomas. In spring of 2020, Kayla Wiggin, our Grants Manager, also brought a baby boy, Ty, into the world. Later in December 2020, our Marketing Manager, Juls Donovan, celebrated the holiday season with a newborn daughter, Sabrina. Four-legged additions count for us as well! Andrew Dupee, Daniella MacRitchie, Peter Dixon, and Tony Howland all adopted dogs during the pandemic. We are thrilled to celebrate these additions!
Active Succession Planning
We are continuously thinking about the future of the firm and the best way to serve our clients. Our clients are our number one focus every day, and we are committed to providing them with the highest level of service. We are also committed to remaining independently owned, and have begun a gradual ownership transition to the next generation of partners. Howland Capital is focused on remaining true to our deep history and core values, while evolving to be able to serve the next generation of clients.
We wish you a happy remainder of the summer wherever you may be.
All of us at Howland Capital