On March 14, we hosted a timely conversation moderated by Stephanie B. Luedke, CFA, Head of NB Private Wealth in conversation with Joe Amato, President and Chief Investment Officer–Equities, and Ashok Bhatia, CFA, Deputy Chief Investment Officer–Fixed Income. We invite you to watch the replay where Joe and Ashok discussed the state of the markets and shared an outlook for what may lie ahead in the weeks to come.
Discussions relating the exposure to the firm and money market sweep funds to Silicon Valley Bank (“SVB”) and Signature Bank (“Signature”) relate to direct exposure. Analyses with respect to indirect exposure is still ongoing.
Discussions relating to the custody of client accounts, including the protection of those accounts, assume that the accounts are custodied at our clearing broker-dealer, National Financial Services LLC (“NFS”). Certain clients may elect to have their accounts custodied with an entity other than NFS. Those clients should contact their custodian for information about their accounts.
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