Bruce Bent II is no stranger to the financial world, and he has personally created many vehicles for non-institutional investors to reap some of the rewards that were once available only to banks and other financial institutions. Bent attended Northeastern University and earned a Bachelors of Science degree in Philosophy. He has been a part of the financial world for decades and his success continues to grow. His development of short-term and cash classes has changed the landscape of cash sweep and FDIC-insured transactions. Bent himself holds over 60 private patents and even with all of these accolades he continues his entrepreneurial quest to innovate.
Bruce Bent II has made contributions to the financial markets in ways that are perhaps immeasurable. In fact, the arena in which he has worked extensively, FDIC-insured cash management has grown to become a greater than $1 trillion industry. He also led The Reserve to a high level of success when he was CEO for a period that lasted longer than 17 years. The Reserve is a money market mutual fund and FDIC cash management fund that has helped its investors realize gains over the decade-plus period that he was leading the company. He was also directly responsible for unwinding and liquidation of the firm’s holdings following the 2008 financial crisis.
Double Rock has six wholly owned subsidiaries of the Double Rock Corporation and Bent serves as a senior executive in all of them. Two of their companies are Access Control Advantage LLC and Island Intellectual Property LLC both of which are recognized as leaders in their respective industries. Access Control Advantage which works to continuously innovate the retirement sector is another success story. Island Intellectual Property works to license patents that serve the financial services industry.
Bruce Bent II has accomplished a lot in the short-term asset class, especially in the FDIC-insured submarket. His entrepreneurial passion is evident is all of his projects and in the way that approaches his work as a leader of several financial services firms. Bent shows no signs of slowing down in his work in the financial services field.
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