PCG Team
Company
What is Private Client Group?
Most people in the financial services industry try to explain why they are unique. While Private Client Group is not unique, it is different from most firms for three key reasons:
- Our firm does not believe in static or passive asset allocation - otherwise known-as "buy and hold."
- Our firm was designed from a customer centric viewpoint. That is why Tax, Investments and Insurance are under the same roof. These companies are independent of one another, but come together to review our clients' needs from all of these fundamental elements.
- Our process - all of our wealth strategies are as individual as you are.
Since 1992 this is a summary of what people have told us. "Here is my money; don't lose my money; keep me ahead of taxes and inflation; anything left over leave it to my children, family or charity." Now of course this is an over simplification and there is no guarantee that you will not lose money, but the theme is what is important to understand. Most people are trying to maintain their lifestyle and make a difference if they can. So I guess the question is are you OK with losing up to 50% or more of your hard earned money in a equity market bear? If you are then we are not the firm for you.
"Consistency builds confidence and confidence builds trust."
- Founder and Managing Partner Timothy Moran
This resonates throughout the Private Client Group. We are not perfect, no one is, but we strive to be our very best each day. Our goal is to be the premier provider of customized solutions for individuals by delivering:
- The highest caliber client service, diligent supervision and customized planning. Our family office offering was built with years of experience in wealth planning, financial management, tax advice and insurance design.
- Private Client Group strives to grow and preserve wealth for generations. As our process stresses, "Risk Adjusted Growth. Risk adjusted growth is not accomplished by passive asset allocation, but rather active management, once the current risk(s) are assessed.
- Trust - by teaming up with industry leaders in custodial services - Pershing and TP Ameritrade. This allows the client to understand where they are each day. We strive to provide clients with the tools to understand our process and their accomplishments with industry-leading technology and reporting capabilities.
Recent News
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"CHA-CHA-CHANGES" ... Changes In The World Mean Changes Here at Private Client Group
As I sit here on another packed plane with David Bowie’s 1972 song Changes streaming through my iPod, I cannot help to feel the similarities in today’s world. The current, political, economic and financial changes have been striking as in the song, “turn and face the strange, cha-cha-changes.” This past spring many of you watched Greece riot over change. Their country was on the verge of bankruptcy and without the monetary support of EU it would have had to file bankruptcy. Meanwhile the capital building of Wisconsin looks similar as union workers are being asked to pay more of their benefits. The unions’ have conceded to these terms but are unhappy that their future ability to negotiate contracts maybe reduced. As for the Middle-east; I will quote someone much more qualified, Ret. General Colin Powell. At the recent TD Ameritrade conference Gen. Powell said, “the Middle-east is a powder keg, in which people are trying to better the lives of their children and some of these changes may not be friendly to the United States.” I can’t help to believe that is the basic human condition; betterment of self, family, community and hopefully spirituality is what drives the world.
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Private Client Group recently formed an alliance with United States Private Insurance Group located in North Scottsdale. USPIG ( an entertaining abbreviation) is a recognized leader in providing property and casualty insurance, liabilty coverage, and specialized needs such as wine collections, mutiple homes and cars, jewelry, or even ransom insurance. PCG strives to provide a comprehensive approach for our clients to coordinate all of their finacial, insurance, tax, and legal concerns.
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Tim Moran, CEO of Private Client Group recently announced that we have more turbulent markets ahead
Tim Moran, CEO of Private Client Group, is cautious about the market's as has been positioning clients for reduced volatility. "A spiraling deficit, uneasiness in the Middle East, a nervous economy, and uncertainty about future interest rates and inflation has to be taken seriously," Tim recently mentioned at a client function. "Just because things have been going up, isn't a reason to believe that everything is just fine. I have learned over the years that when everyone is bullish, or overly optimistic, it is time to actually be cautious." said Tim. "In my opinion, this isn't the time to be taking alot of risks, or swinging for the fences to hit home runs. Sometimes it is best to just try to reduce risk, take some profits, and preserve what you have because we have seen what can happen to portfolios if the markets pull back or makes corrections!"