The FundBank advantage
Prospective clients and fund administrators often ask the question, “Why FundBank? Why should we choose you and what makes you different?” It’s a simple answer; this is all we do. Our sole focus is to serve funds, asset managers, and family offices. We don’t do this as an accommodation or ancillary to other services or business lines – your business is our business. FundBank has no exposure to lending or duration risk. Unlike retail banks that are leveraged by design, FundBank holds all client funds in trust. It does not engage in any lending, investment, or leverage activities. This ensures client funds are always secure and available, even during market volatility. With client assets being held off balance sheet, invested in government money market funds and overnight treasury REPOs, clients can sleep at night knowing that their funds are safe.
100% dedicated to the needs of the asset management industry – this is all we do
Counterparty risk is in high quality liquid assets held in trust “off balance sheet”. Not FundBank risk
Client assets invested in U.S. government money market funds and overnight treasury REPOs*
Client assets have no exposure to lending or duration risk
What we provide
Banking solutions are the only services that we provide; this is all we do. We provide banking, custody, and trade execution to the asset management industry.
Who do we serve?
We serve:
- hedge funds
- private equity funds
- venture capital funds
- real estate funds
- special purpose vehicles (SPVs)
- private fund management firms
- family offices.
Streamlined account opening
Prospective clients will also often query how long it takes to open an account with FundBank. If all the various AML and KYC requirements have been met, an account can be opened within five business days. This is thanks largely to FundBank’s digitized, onboarding platform and our tech-enabled team of banking relationship managers who provide our clients with unparalleled support throughout the account opening process.
Banking solutions for the fund and the manager
FundBank’s service offering is comprehensive; we provide clients with bank accounts at the fund level, while also providing institutional banking solutions for the investment manager. From subscription and redemption accounts to custodial and escrow accounts, our bank accounts compliment a wide range of financial activities. We have top-tier correspondent relationships in place with leading institutions such as Bank of New York Mellon and State Street, offering unparalleled expertise, seamless transactions, regulatory compliance, and innovative solutions, enabling robust international financial networks for our clients.
Experience the FundBank advantage
If you would like to learn more about FundBank and how we provide our clients with a seamless banking experience, please reach out.