11 Tips for Helping Clients Worried About Their Cash: Advisors' Advice

Cash flows into money market mutual funds surged after high-profile bank failures in March, as many investors moved their funds from bank accounts to other liquid holdings. Money market mutual funds took in $200 billon in the month's second half, and U.S. Treasury exchange-traded funds drew tens of billions of dollars, while bank deposits declined, Eric Balchunas, Bloomberg senior ETF analyst, noted in a tweet. Money market mutual funds are up $500 billion year to date, Balchunas tweeted on Friday. We asked financial advisors about how they are helping clients who ask about moving cash from bank accounts after the recent bank failures, and what specific advice clients are now seeking. See the gallery for insights from 11 advisors. (Some responses have been edited.) (Image: Shutterstock)