Last Friday markets were rattled as Silicon Valley Bank (SVB) shares plummeted and the Federal Deposit Insurance Corporation (FDIC) announced they had taken over the bank’s operations. They were the 16th largest bank in the nation at the time and will go down as the second largest bank failure in history. Over the weekend, Signature Bank was also taken over by NY bank regulators and will go down as the third largest bank failure in history. Fortunately, the FDIC, the Treasury and the Federal Reserve announced late Sunday night that they would make all depositors of both banks completely whole with full access to their money on Monday. This was an extraordinary move since normally bank accounts are only insured up to $250,000 per account owner. They also announced a new lending facility for banks to borrow against their temporarily depressed bond portfolios should they find themselves in a cash crunch like...

The failure of Silicon Valley Bank on Friday has made investors nervous.  Level's Michael Angelucci, CFP® joined WBEN this morning to discuss what happened and what it might mean for bank customers. Click Here to Listen...

PRESS RELEASE Level Financial Advisors, Inc. announced today the appointment of Elise Murphy, CFP® as Director of Clients Services and Partner.  Murphy joins Rosanne Braxton, CFP®, Steven Elwell, CFP® and Michael Heburn as co-owners of the Amherst-based financial planning firm. Murphy, hired by the firm in 2012, will lead the company’s support teams and serve on the corporation’s board of directors. She will continue her advisory responsibilities while taking a direct role in the firm’s day-to-day operations.  She is a CERTIFIED FINANCIAL PLANNERTM professional and a graduate of SUNY Fredonia. Murphy is a board member of the Junior League of Buffalo and a member of the Financial Planning Association of WNY.  She lives in Kenmore with her husband and two children. Level Financial Advisors serves 618 individuals and families throughout WNY and the U.S., managing $520 million in assets. The firm employs six CERTIFIED FINANCIAL PLANNERTM professionals with offices in Amherst and Hamburg, NY....