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Bruce Bent II: Along the Financial Revolution

Bruce Bent II is the president of Double Rock Corporation, which is the leading financial technology company. The company provides innovative cash management solutions to banks, broker-dealer, retail markets, and qualified plans. He is a senior executive in affiliate companies and subsidiaries of Double Rock Company. The subsidiaries include Intrasweep LLC, Access Control Advantage Inc, Landing Rock Group LLC, LID Capital LLC and Island Intellectual Property LLC.

Mr. Bruce is a pioneer in the retirement services and cash management businesses. His entrepreneurial drive and vision is the catalyst for some of the relevant and most influential technologies and products in the financial services industry. Mr. Bent II has several patents credited to his name and has many achievements such as transforming the cash management environment into a multi-trillion dollar industry.

As stated on Wikipedia, he works with Access Control Advantage to avail an automated contribution plan solution that limits borrowing by an average of 25% from plan participants. Currently, Mr. Bent II shares the responsibility of defining the strategic direction of the companies. Mr. Bruce Bent II is part of Young Presidents Organization, which unites almost 10,000 prospective international business leaders and is a former finance chair of the Gotham Chapter. He is a member of the Entrepreneur Organization based in New York and serves on the President’s Advisory Council of Scenic Hudson and organization that protects, restores, and preserves the Hudson River.

Money market fund is an investment whose goal is to earn interest for the shareholders. It maintains a net asset value of one dollar per share. The portfolio comprises of short-term securities representing liquid, high-quality debt, and monetary instruments. Investors can buy shares of the money markets through a mutual fund, bank, or brokerage firm.

The purpose of the money market fund is to provide investors with a place where they can easily invest and access cash equivalent assets. This is a mutual fund with low risk with low-return investment. It is an attractive investment for investors because it has no loads. Therefore, no fees charged by mutual funds for exiting or entering the fund. Other money market funds provide tax advantage gains to investors by investing in municipal securities, which have tax-exemptions at state and federal level. The money market fund can hold short-term Treasury securities.

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