As the banking industry experiences upheavals, Traeton's small business clients are less affected. But larger financial institutions and tech startups feel the impact of bank failures like SVB and Credit Suisse. Virtual and fractional CFOs must protect clients' funds, while Traeton emphasizes working with trusted experts during turbulent times. Financial safety and security are top priorities.

‍

As the banking industry has been experiencing recent upheavals and failures, many are wondering how this is impacting the companies they work with. Traeton, who primarily works with small business owners, has found that his clients have not been affected as much because they are often locally based or operate on a smaller scale. However, for those working with larger financial institutions or startup tech companies, the recent failures of banks like SVB and Credit Suisse have had a significant impact. Virtual and fractional CFOs have been on the front lines, calling clients to ensure their funds are secure and taking proactive measures to protect their financial interests. While Traeton's clients have been relatively insulated from the chaos, he emphasizes the importance of staying vigilant and working closely with trusted financial experts to navigate these turbulent times. Ultimately, the safety and security of clients' finances must always be the top priority.

‍