As we near the end of 2020, and November in particular, the election is top of mind for many of us. In the feature article of this issue, BBH Chief Investment Strategist Scott Clemons speaks with several BBH experts about the various risks, opportunities and permutations of the election.

There is no doubt that emotions are high this election season, and in another article, BBH Senior Advisor Ellen Perry provides suggestions for communicating with family and fostering togetherness during this time. Continuing with the theme of election season, BBH Senior Wealth Planner Kerri Mast covers considerations for charities and board members as it relates to which political and election-related activities are permitted for charities, which are permitted within certain limits and which are prohibited altogether.

Turning to the other pages of this issue, Andy Brown – CEO and portfolio manager at Cedar Rock, one of our third-party investment managers – covers the principles on incentive pay that underpin the firm’s investment philosophy. As always, we review the markets and provide an update on our current portfolio positioning and priorities.

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