SERVICES

Cash Management

Regardless of how much money you have in your investment accounts, there’s a good chance you’ll always have a little extra cash waiting to be utilized.

We’ll work together to help you identify investment opportunities and money management sources that put your cash to work for you while maintaining flexible access.

Transactional cash products

These are automated, secure options for short-term cash that’s waiting to be deployed either in the market or for everyday expenses.

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Insured Deposit Account (IDA) sweep

  • A cash sweep vehicle for earning interest on cash balances held in accounts.
  • Funds are immediately accessible and automatically sweep to a network of banks every day where they receive FDIC insurance coverage—up to applicable limits.
  • You’ll get a debit card with nationwide ATM fee rebates, check writing, and other convenient cash management features.
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TD Ameritrade cash

  • This is a cash sweep alternative for earning interest on cash balances held in accounts that are pending investment.
  • Funds are immediately accessible and remain in the brokerage account where they’re protected by applicable Securities Investor Protection Corporation (SIPC) coverage.

Investment cash products

These are potentially higher-yielding options for longer-term, more goal-oriented cash balances.

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Purchased money market funds

  • An array of prime, government, treasury, and municipal fund options is available from Charles Schwab Investment Management (Schwab Money Market Funds).
  • Varying minimum investment options are available to meet a broad spectrum of client needs.
  • No transaction or short-term redemption fees.
  • Next business day funds availability if positions are sold by the fund’s cutoff time.
Our registered investment advisors utilize a diversified approach to cash management that’s customized to your short-term needs and long-term goals.
Investments Related Resources

Related Resources

10 Questions to Ask Your Financial Advisor

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Join us for a complimentary retirement analysis.

Whether you need help getting started on the road to retirement or just have questions about your current financial situation, we’ll sit down with you to identify critical areas for retirement success and provide answers to the most important questions every retiree should be asking.
Alexandra Bane Headshot

Alexandra Bane

Office Manager

alexandra@baneoleary.com

8000 Norman Center Drive, Suite 230
Bloomington, MN 55437

Alexandra is a proud Nebraska Cornhusker. She graduated with her BA in dance from the University of Nebraska, Lincoln. After performing with a small dance company in Lincoln for two years, she moved back home to Minnesota. Alexandra attended and completed the cosmetology program at the Aveda Institute in Minneapolis.

She is honored to have worked for Cole’s Salon in Savage, MN for five years where she built a significant clientele working as a hairstylist. Over the years she has continued to dance professionally while adding yoga to both her personal practice and professional repertoire. Alexandra completed the YTT 200 HR program at Yoga4You and is a certified yoga instructor.

She has many years of customer service experience and continues to look forward to serving the clients of Bane O’Leary Wealth Management.

Bane O’Leary

2020–present

Office Manager

Cole’s Salon and Spa

2015–2020

Hairstylist

A Plus Business Services, LLC

2014–2015

Administrative Assistant

Mark Stevens Headshot

Mark H. Stevens RFC®

Vice President, Investment Advisor Representative

mark@baneoleary.com

8000 Norman Center Drive, Suite 230
Bloomington, MN 55437

Mark H. Stevens, vice president of Bane O’Leary Wealth Management, began his career as an investment advisor representative in 2014 after a 30-year business career with Viking Engineering & Development, Ecolab, and Nalco. Mark graduated from the University of Minnesota with a degree in chemical engineering. He holds the Registered Financial Consultant (RFC ®) designation and a Series 66 Securities Investment Law License.

Bane O’Leary

2014–present

Vice President Investment Advisor Representative

Beacon North Associates

2012–2014

CEO

Viking Engineering & Development

2006–2012

President, CEO

Ecolab

2004–2006

Business Development Manager

Nalco

1993–2004

Strategic Accounts Manager and Sales Manager

St. Germains

1980 – 1993

President, CEO

Ray Meifert Headshot

Raymond A. Meifert

Vice President of Marketing & Business Development

ray@baneoleary.com

8000 Norman Center Drive, Suite 230
Bloomington, MN 55437

Raymond A. Meifert is the vice president of marketing and business development at Bane O’Leary Wealth Management. Ray has more than 25 years of marketing and sales management experience and is a former vice president of marketing for Katun Corporation in Minneapolis. Prior to joining Katun, Ray held various executive marketing and sales management positions with 3M Company’s Data Storage Products Division and its spin-off company, Imation Corp. He has the reputation for connecting with customers and developing easy-to-understand marketplace positioning and communications. In addition to Ray’s experience in a corporate setting, he has held executive and advisory positions in venture company settings, as well as serving on the city of Edina’s Art and Culture Commission. Ray is a graduate of the University of Mississippi (Ole Miss) and has a graduate degree from Tulane University.

Bane O’Leary

2010–present

Vice President of Marketing

Katun Corporation

2001–2010

Vice President of Corporate Marketing

Imation Corporation

1996–2001

Business Director PC Solutions

3M Company

1973–1996

Various Marketing and Sales Management Positions

Patrick O'Leary Headshot

Patrick O’Leary RFC®

Founder, Senior Vice President & CIO, Managing Partner

patrick@baneoleary.com

8000 Norman Center Drive, Suite 230
Bloomington, MN 55437

Patrick T. O’Leary, founder, senior vice president, and managing partner of Bane O’Leary Wealth Management began his career in the financial services industry over 15 years ago. He and his partners have built a wealth management firm that specializes in helping retirees and pre-retirees generate and preserve wealth, and protect their legacy. Patrick graduated from the University of North Dakota with a degree in finance. He is recognized as an Ed Slott IRA Advisor. He holds the Registered Financial Consultant (RFC ®) designation and a Series 66 Securities Investment Law License.

Patrick resides in Chaska, MN, with his wife and four daughters.

Bane O’Leary

2008–present

Senior Vice President, CIO, Managing Partner

American Express/Ameriprise Financial

2004–2008

Financial Advisor, Advisor Coach

Craig Bane Headshot

Craig A. Bane RFC®

Founder, Senior Vice President, COO, Managing PartneR

craig@baneoleary.com

8000 Norman Center Drive, Suite 230
Bloomington, MN 55437

Craig A. Bane, founder, senior vice president, and managing partner of Bane O’Leary Wealth Management began his career in the financial services industry in 2004, after a 22-year career in corporate America with 3M (Business Development Manager), G&K Services (Director, Sales), and Katun Corporation (Vice President, Sales). A graduate of the University of Nebraska with a degree in finance, Craig is recognized as an Ed Slott IRA Advisor. He holds the Registered Financial Consultant (RFC ®) designation and a Series 66 Securities Investment Law License.

Bane O’Leary

2008–present

Senior Vice President, Managing Partner

Ameriprise

2004–2008

Investment Advisor Representative

G&K Services

1999–2003

Director of Field Operations

3M Company

1981–1999

Various Marketing and Sales Management Positions

Steve Bane Headshot

Steven C. Bane RFC®

Founder, President, CEO, Managing Partner

steve@baneoleary.com

8000 Norman Center Drive, Suite 230
Bloomington, MN 55437

Steven C. Bane RFC ® is the founder, president, CEO, and managing partner of Bane O’Leary Wealth Management. Steve began his career in the financial services industry in 1999, after 24 years in the petroleum industry as a geologist and various management capacities with Amoco (BP), including president of Amoco Australia and Amoco New Zealand. A graduate of California Lutheran University, with a BS in Geology, and Amoco Management Institute, with an Executive MBA in Business and Finance, Steve is recognized as an Ed Slott Master Elite IRA Advisor. Steve holds the Registered Financial Consultant (RFC) designation and Series 65 Uniform Investment Law License.

Bane O’Leary

2008–present

President, CEO, Managing Partner

American Express

2001–2008

Investment Advisor Representative

Thrivent Financial

1999–2001

Investment Advisor Representative

Hurd-Bane, Inc.

1995–1999

President

Amoco (BP-Amoco)

1975–1995

President of Amoco Australia and Amoco New Zealand Petroleum Companies