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Advisors Help Clients Remain Calm in Market Rout

Recessions are defined as periods of significant but temporary economic decline. However, a recession is not the same as a bear market and stock prices can increase during an economic downturn just as they can decline in an expanding economy. This is all part of a normal economic cycle that The financial and economic fallout caused by the current coronavirus pandemic has made the daily up- and down-swings in the market difficult to watch.  As advisors, history and experience have taught us that the general rule of thumb to “ride out the situation” has proven to be an effective recovery strategy.  However, at Predico Partners we specialize in comprehensive financial planning tailored to each client’s individual needs and feel that more can be done as we advise clients through the age of COVID-19.  A few specific areas we are addressing in our plans are “cash flow updates to review income needs and potential budget adjustments”, “tax loss harvesting”, “opportunities to invest cash or rebalance”, “Roth conversions”, and “potential gifting strategies”.

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Now Is A Good Time To Review Your Plan

COVID-19 has triggered a global economic downturn, volatility in the markets, and continues to cause a great deal of uncertainty about what lies ahead. The result for many individuals and families is increased anxiety and financial stress related to short-term needs and long-term goals. The current circumstances reiterate the need for having an up-to-date, comprehensive financial plan to help mitigate concerns as well as long-term negative effects. Unfortunately, in this environment there is no cookie-cutter solution or answer and each specific situation requires a customized strategy. Now is a good time to review your plan, adjust for any changes, and look for potential long-term opportunities.

Please contact us with any of your personal financial planning needs or anything else we might be able to assist you with at this time.

10 Things You Should Know About Recessions

Recessions are defined as periods of significant but temporary economic decline. However, a recession is not the same as a bear market and stock prices can increase during an economic downturn just as they can decline in an expanding economy. This is all part of a normal economic cycle that happens, on average, roughly every 5 years. The most important factor is the effect these current conditions might have on each individual financial plan.

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Covid-19: Meeting Immediate Financial Needs

The Covid-19 pandemic currently sweeping the world has left many Americans struggling to make ends meet. While the federal government works to create, and then implement, a longer-term relief package, many immediate financial needs can be met from two primary sources: (1) personal financial resources, and (2) existing government relief programs.

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Sales Appeal

San Antonio Business Journal

From November 11, 2011