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The operators have also been warning clients to be careful.
Planners and accountants are warning clients to buy a second house only if they love it and plan to hang on to it.
Its majority shareholder is the Carlyle Group, which matches private equity with a lot of Washington power, and its executives, chief among them Mr. McConnell, drum up business by warning clients about the potential effects of cyberweapons.
But Mr. Levkovich has also been warning clients to be prepared to act defensively and shift their money into companies that sell staples, such as drugs and consumer goods.
Lender: Nationwide Salary multiple offered: 3.25 Nationwide tends to apply this multiple as a general rule, warning clients that while I might be happy to scrimp and save in the foreseeable future to meet high repayments, further down the line I will want to use the cash to enjoy life.
Jim Ross, an ABN Amro analyst, downgraded the company's shares today to hold from add, warning clients in a note, "We are particularly concerned about the performance of D.T.'s acquisitions, and the potential lack of resource to manage this new U.S. business".
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FOR years, McKinsey has been warning its clients about the intensifying war for talent.
Still others are warning their clients to diversify their financing sources and become less reliant on Washington.
Some environmental groups are now pushing to make the rule tougher, while builders are warning their clients that it will inevitably increase construction costs.
Some Swiss banks have been warning American clients that they should either prove they are in compliance with American law or have their accounts closed.
Arlingclose, a newcomer, started warning its clients against the Icelandic banks in 2006, with increasing stridency as the CDS rates rose.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com