Money market funds are similar to that of bank deposits; an extremely safe way to invest money while earning a sizable yield. Compared to other financial routes, money market funds are low-risk, low-return investments. This low-risk, low-return route could prove to be enticing to investors who are interested in avoiding loads, which are fees charged for entering or leaving funds other than money market funds. Money market funds may also prove to be attractive to investors due to the prospect of investing in municipal securities, which may be tax exempt on both federal and state levels.
Bruce Bent ll is an experienced entrepreneur and leader in the financial world. His father was the first to create money market funds. Growing up his father expose him to the financial world where he learned about investing and money first hand.
Bent II’s financial career includes maintaining the position of Vice Chairman and President of Double Rock Corporation, a company dedicated to managing and investing cash in retail markets, broker-dealers, banks and qualified plans. Bent II also served Hallmark Investment Series Trust as Senior Vice-President and Co-Chief Executive Officer. On top of his illustrious financial career, Bent also took on a role in politics, running for the Nassau County Elective and receiving an official endorsement from the Conservative party.
Bruce R. Bent II is also a memeber of the Young President’s Organziation which is a netowrk for young business leaders. He understands the value of hardwork and helping others like him succeed.
For more information on Bruce R. Bent follow him on Twitter.