Recent News

• "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.

   

   

• PCG forms partnership with United States Private Insurance Group in an effort to cross service each others customers.

  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.

   

• 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!"