Cash Management Alternatives to Business Bank Accounts: How to Maximize Yield & Minimize Risk in Today’s Climate
Silicon Valley Bank and other banking institutions have come under fierce scrutiny for falling into FDIC receivership and putting the deposits of their business clients at risk. According to some estimates, more than 80% of the billions of dollars were not protected under FDIC.
Businesses are naturally concerned about the safety and security of their own company deposits. But letting cash reserves sit in a savings account isn’t necessarily the best answer.
To optimize your cash reserves, being aware of all available options is critical.
Read the full article on the PBMares Wealth Management website.
ABOUT THE AUTHOR(S):
Daniel H. Yoo, CFP®, CEPA®Senior Wealth AdvisorAs a Wealth Advisor and Certified Financial Planner™, Daniel Yoo builds relationships with entrepreneurs, executives and their families to achieve financial harmony with their personal and business goals. He is also a Certified Exit Planning Advisor® to help business owners understand and optimize the value of an exit strategy.
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