Wes Moss Featured in Financial Advisor Article

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Wes Moss Featured in Financial Advisor Article

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Recently Wes Moss was featured in a Financial Advisor article on What To Do If Your Clients Are Freaking Out About A U.S. Default. Read the excerpted section of the article below.

Advisors are already fielding questions from clients about a potential default, even though the “X date” marking the end of America’s bill-paying ability won’t arrive until July at the soonest, according to a February 15 report from the Congressional Budget Office (CBO). As America’s date with fiscal destiny nears, advisors can anticipate mounting client queries.

One advisor said he is proactively owning the conversation. “We communicated heavily with clients during the debt ceiling flare-up in 2011 and are readdressing the topic today with the families we work with,” said Wes Moss, managing partner and chief investment strategist at Capital Investment Advisors in Atlanta.

Moss believes federal spending cuts are an inevitable part of whatever final accord the politicos reach. That would adversely impact defense, healthcare, information technology and other companies deriving significant revenues from the government. “Clients are focused on how the sectors and companies they invest in would be affected,” he said, adding, “We are not raising cash at this point.”

Read the full article here.

This information is provided to you as a resource for informational purposes only and is not to be viewed as investment advice or recommendations. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. This information is not intended to, and should not, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, or investment advisor before making any investment/tax/estate/financial planning considerations or decisions. The views and opinions expressed are for educational purposes only as of the date of production/writing and may change without notice at any time based on numerous factors, such as market or other conditions.

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