Fund Banking - 2026 Starting A Fund
from Alt Funds Network Hosted by David Madden, Skyler Steinke, Mike Schroeder
Find us online: https://altfunds.io/ Email us with topic ideas: [email protected] Spotify: https://bit.ly/4afXcan Apple Podcast: https://apple.co/4akXAUS Google: https://bit.ly/4am9oXk 🤝Podcast Sponsor: Richey May - Fund Audit and Tax Services Richey May Website: https://richeymay.com/industries/alternative-investments/ Reach out to Steve Vlasak: [email protected] Connect with David Madden: Email: [email protected] Website: https://www.wintrust.com/ Linkedin: https://www.linkedin.com/in/david-madden Timestamps: 00:00 Introduction and Guest Welcome 00:31 Overview of the Short Fund Series 00:56 Understanding Fund Banking Needs 03:07 Choosing the Right Bank for Your Fund 04:18 Bank Account Requirements and Onboarding 06:19 Opening a Bank Account: Timeline and Considerations 07:15 Managing Multiple Bank Accounts 08:43 Compliance and Best Practices 12:23 Common Mistakes and Tips for New Managers 14:05 Cost and Services of Banking for Funds 15:55 Digital Banking and Support 17:12 Conclusion and Contact Information Disclaimer: Alt Funds Network LLC and its affiliates, episode guests, and the companies they represent do not provide tax, legal or accounting or investment advice. This material has been prepared for informational and educational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal, accounting, and investment professionals before engaging in any transaction or making any financial or legal decision based on your specific situation.
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What this episode covers
Background: David has 20 years’ experience in the Financial Services sector having held multiple roles in Accounting, Operations, Relationship Management and Business Development. He has worked for a number of large institutions including Neuberger Berman, Morgan Stanley, UBS, JP Morgan and most recently at Wintrust. Working for the Funds Group in New York, David and his team focus on providing premier banking services to the alternative investment community. He holds a BBA in Accounting and an MBA in Finance. Description: Join Mike Schroeder and Styler Steinke on the Alt Funds Network as they speak with David Madden of Wintrust Bank. This episode delves into crucial banking insights for emerging fund managers, covering the importance of subscription redemption and operations accounts, the niche nature of banking services for funds, due diligence requirements, and the typical timelines and costs involved in opening and managing bank accounts. David also addresses common challenges, such as the difficulty of banking for crypto funds, and provides valuable advice for choosing stable and supportive banking partners. Special thanks to Richie Maye for sponsoring this episode!
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