How do CFOs of professional services firms ensure millennials possess the financial wherewithal to buy into the partnership when it's time for the next generation to assume the reins?

An increasing number of firms are turning to a trusted local financial institution to establish a term loan arrangement to help new partners fund their investment in the firm.

With many small and medium-sized businesses experiencing an upturn in sales, the recent increase in interest rates may seem like a tempting time to change your cash management strategies to move excess cash from a non-interest bearing account into one paying the highest rate they can find.