Ever since the early-March failures of Silicon Valley Bank and Signature Bank, as well as the liquidation of Silvergate Bank and the more recent failure of First Republic Bank on May 1, clients have been asking what they should do with their cash. They want it to have the liquidity they need without being unprotected should the institutions they have it in become unstable. Everyone’s financial situation is unique, but there are some general guiding principles to consider when thinking about the best places to put your shorter-term money.
