About Us

Landing Rock Cash Management is an online cash management provider incorporated in the State of Delaware in October 2008. It’s goal is to be the premier online cash management provider in the United States, and its primary product is the Landing Rock Insured Deposit Account (‘IDA’).

The IDA seeks to provide a competitive level of interest in federally insured institutions with liquidity, safety and 24/7 access to account information via the website. Deposits and interest in the IDA are federally insured and distributed among credit unions and well-capitalized banks and savings institutions as defined by FDIC and NCUA regulations.

By spreading deposits among multiple institutions, IDA is able to offer a higher level of federal insurance coverage compared to if a client placed their deposits in a single federally insured institution.

There are currently more than 80 federally insured institutions in Landing Rock’s growing deposit network. Having recently completed the integration of Landing Rock’s second acquisition in the cash management space, it is adding new deposit taking institutions to its network weekly and will eventually be able to offer up to $50 million or more in federal insurance coverage per tax identification number. In addition, driven by current client and market demand, Landing Rock will soon be launching a certificate of deposit product, also supported by proprietary software.

Landing Rock’s goal is to be the most efficient and dependable online cash management provider in the industry.

The development of Landing Rock’s proprietary software and user experience is driven by listening intently to the demands of its existing client base, and to address immediate market needs. Its technology is cloud based with data security being of the utmost importance. Its innovative approach to cash management is supported by a license to the patent portfolio of Island Intellectual Property LLC. Island IP is also a Double Rock Corporation subsidiary and holds the largest, and most successful patent portfolio in the federally insured cash management products and services industry.
From a customer perspective, Landing Rock wants its user experience via the website to be simple and efficient.

Landing Rock Cash Management was established to appeal to everyone. Clients range from individuals to public entities, large and small corporations and everything in between, as cash management is universal need. Clients can open an account online in just a few minutes, and the compliance process for account approval takes less than 24 hours. Clients can also access their accounts online with privacy and security, initiate transactions, see transaction history, retrieve monthly statements, link bank and brokerage accounts, and exclude federally insured institutions from receiving funds to ensure full insurance coverage.

Notifications to clients are sent via email advising of the status of transactions, availability of statements, and updates to legal disclosures. Similar notifications are sent to any financial advisor related to the client, so they stay in sync and have access to documents for investment oversight, financial planning and tax purposes.

Landing Rock is a wholly owned subsidiary of Double Rock Corporation, a financial services and technologies holding company incorporated in the State of New Jersey in January of 1970.

Today Double Rock companies provide innovative cash, cash-related, and technology solutions to the bank, broker-dealer, investment advisory, qualified plan and direct retail markets. Double Rock is headquartered in New York. Through its companies’ broad service offerings, the business and technology strategies it develops help individuals achieve higher levels of safety and interest with cash management accounts, and companies improve bottom line profits, achieve higher rates of client acquisition and retention, and realize greater efficiencies.

Management Team

  • Bruce Bent II

    Chief Executive Officer and President

    Mr. Bent’s responsibilities include managing the Sales, Marketing and Legal areas. Mr. Bent is also Vice Chairman and President of Double Rock Corporation, a leading financial services and technologies holding company, which created some of the industry’s most innovative short-term asset management, cash and cash-related solutions for the broker-dealer, bank, qualified plan, and retail markets. Mr. Bent is senior executive to each of Double Rock’s wholly owned subsidiary companies and affiliates, which include Access Control Advantage, Inc., Island Intellectual Property LLC, Landing Rock Group LLC, and Hearvest LLC. Additionally, Mr. Bent has earned the ACAMS (Certified Anti-Money Laundering Specialist) certification which is the global gold standard in AML certifications.

    Mr. Bent is a distinguished leader in the financial services, financial technologies and asset management business, having grown the predecessor Double Rock cash management companies in his role as President from $4 billion in AUM to over $130 billion. His vision and entrepreneurial drive have been the catalyst for some of the most influential and relevant products and technologies in the financial services industry. With over 60 patents credited to his name, Mr. Bent’s innovative processes are what makes up the core of Island Intellectual Property LLC which engages in patent prosecution, litigation and licensing in the financial services industry.

    Mr. Bent is a member of Young Presidents’ Organization, and was finance chairman of its Gotham chapter in Manhattan. He is active in creating and maintaining green spaces and supporting historic elements in Manhattan’s West Village. Mr. Bent has served on the President’s Advisory Council of Scenic Hudson, an environmental organization that protects and restores the Hudson River and its riverfront. He is the recipient of community awards for farm and historic element restoration in the Hudson Valley. Mr. Bent has been quoted in publications including the Wall Street Journal, Financial Times, New York Times and many others. He previously penned an ongoing column in the publications, World Journal and China Press on the topic of investing. He was also featured in the book Leadership Secrets of the World’s Most Successful CEOs.

    Mr. Bent earned a Bachelor of Science in Philosophy from Northeastern University.

  • Michael J. Clarke

    Chief Financial Officer

    Mr. Clarke oversees Landing Rock’s Information Technology, Operations and Accounting departments. He is also a Certified Public Accountant and Certified Anti-Money Laundering Specialist. In addition, Mr. Clarke is President of Moneyflow, Inc., a provider of software designed to give investors access to the certificate of deposit marketplace of more than 6,000 FDIC insured financial institutions across the nation. The innovative software created a simple, seamless and secure method for investors to purchase FDIC insured certificates of deposit in increments of $250,000 at financial institutions offering the best rates throughout the country. The software is offered primarily through bank owned broker dealers and to date has placed in excess of 300,000 certificates of deposit totaling nearly $40 billion and generated in excess of $100 million in revenue.

    Mr. Clarke earned a Bachelor of Science in Accounting from Loyola University. His accounting career began with the international accounting firm of Ernst & Young in Los Angeles where he became a certified public accountant (“CPA”) licensed in the State of California. Upon leaving Ernst & Young, Mr. Clarke founded the CPA firm of Squar Milner (fka Squar & Clarke) which has grown to 450 professional staff members and ranked by Accounting Today in the top 50 accounting firms in the United States.

    Mr. Clarke has earned the ACAMS (Certified Anti-Money Laundering Specialist) certification which is the global gold standard in AML certifications.

  • Darren Peck

    Chief Technology Officer

    Mr. Peck oversees all daily information technology operations, including security and software development in a modern cloud-based environment. He provides the guidance to the IT team to deliver world-class leading information security and infrastructure to Landing Rock’s customers in an easy to use, secure, web centric experience. He is also Chief Technology Officer of Moneyflow, Inc., a provider of software designed to give investors access to the certificate of deposit marketplace of more than 6,000 FDIC insured financial institutions across the nation. As the primary architect of the Moneyflow platform, Darren was responsible for an Internet based system that securely connected multiple clients and custodians to manage more than 300,000 certificates of deposit totaling almost $40 billion.

    Mr. Peck earned a Bachelor of Arts in Economics and Political Science, as well as Certificates in Marketing and International Relations from the University of Rochester. He began his software development career as the software designer and programmer for a real estate auction company. He also advanced software to link foreclosure specialists to the lien holders in several mortgage foreclosure companies and was a senior programmer in the qualified retirement plan industry.

    Mr. Peck has earned the ACAMS (Certified Anti-Money Laundering Specialist) certification which is the global gold standard in AML certifications.

  • Gary Tovey

    SVP, Engineering

    Mr. Tovey works closely with Landing Rock’s Chief Technology Officer to make the company’s overall vision actionable. He is responsible for ensuring that design requirements for both outside and proprietary software meet the satisfaction of the company and its clients. This entails proper planning, development, testing, implementation, and expedient debugging if required. Mr. Tovey also monitors the day-to-day technical functions and processes to ensure a predictably smooth operation. Drawing upon his extensive experience as an engineer in both programming and management capacities, Mr. Tovey oversees the consistency of the user experience, and management of engineers and developers both internally and externally. Mr. Tovey’s role requires him to be “bi-lingual” with the ability to communicate effectively with clients, leaders, board members, developers and other stakeholders with dramatically different perspectives and technical understanding.

    Prior to joining Landing Rock, Mr. Tovey held numerous senior engineering positions at companies in healthcare, law enforcement, media, and financial services. His technical accomplishments produced tangible business results, improving efficiency, reducing expenses and increasing revenue.

    Mr. Tovey graduated Cum Laude from California Polytechnic State University San Luis Obispo with a Bachelor of Science in Mathematics.

    Mr. Tovey has earned the ACAMS (Certified Anti-Money Laundering Specialist) certification which is the global gold standard in AML certifications.

  • Bob Bent

    Robert A. Bent

    Senior Vice President of Banking Relationships

    Mr. Bent’s primary role at Landing Rock is to establish and maintain relationships with federally insured institutions, such as banks and credit unions. Part of his mandate is to continue to expand Landing Rock’s network of deposit receiving institutions to increase the insurance coverage available to Landing Rock’s various clients and maintain attractive interest rates. He is also a key contributor to the development and marketing of specialized cash management solutions for large institutional clients, such as public funds investors and trust companies.

    Mr. Bent is responsible for a wide array of partners and clients. This includes, for example, investment advisors, charitable organizations, public entities, family offices and businesses, both public and private. He is extensively credentialed as a Certified Financial Planner (CFP), Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU).

    His expertise and abilities are reflected in Mr. Bent’s successful corporate and entrepreneurial track record that spans more than 30 years. It includes high profile leadership positions and innovative achievements in governmental organizations, multinational corporations, and his own business ventures. Organizations included the United States Federal Reserve System, Viacom/CBS, Tyco International, and BAE Systems. Mr. Bent was also the founder and President of Global Fiduciary Advisors, a registered investment advisor that provided investment and fiduciary education services, and also served as a member of several investment committees which collectively provided oversight to over $16 billion in qualified plan investments. As a result of his experience, he is recognized as an expert on retirement issues and published several articles on fiduciary and investment-related topics.

    Mr. Bent graduated from Rider University with a Bachelor of Science in Management.