The Banking Sector Is in a Crisis of Confidence

We've been spending a lot of time with clients making sure that the cash that they hold is safe in FDIC and shared accounts. That's first and foremost if clients are holding cash. They have a short term, high priority need, and we need to make sure it's protected. In terms of their longer term diversified portfolio, we really are taking a defensive stance toward things. We think being defensive and ready to move is the way to go.