Medical Economics March 17, 2023
Johan Vako

Many physicians are concerned and seeking advice if they should move their money from local banks to larger banks.

No matter how confident an investor feels in their current portfolios, it’s impossible not to be shaken by certain headlines. In the recent days physician clients of our firm have been concerned and reaching out to me seeking advice if they should move their money out of local banks to larger banks. I explain to them how much of their funds are currently insured and advise them to deposit the additional funds in other insured banks within FDIC limits. Since last week, the news about Silicon Valley Bank and the drama that erupted in a short amount of...

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