How advisors can avoid their own SVB collapse
If you’re not paying close attention to ensure that your clients’ cash is safe, you’re ignoring your fiduciary duty.
Most of us are still stunned by the way Silicon Valley Bank became insolvent seemingly overnight.
I’ve been thinking about what it would take for an advisor to experience a similar event. Three key areas came to mind.
First, there are customer “sweep accounts.” Depending on where an advi
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