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|GRP Advisor Alliance Partners with Envestnet | Retirement Solutions and Reliance Trust to Launch Foundational Retirement Solutions Suite of CITs|
Leveraging the scale of GRPAA,
Collective investment trusts offer a more efficient and flexible structure for ERISA retirement plans, lowering the cost of investments for participants while seeking to positively impact their investment rate of return. CITs have been available for over 75 years and, up to this point, have been used by only the largest retirement plans in the country. Now, with the advent of Foundational Retirement Solutions, CITs and their associated benefits can be used with plans of all sizes—regardless of assets or number of participants.
"We're incredibly pleased to partner with both
"We look forward to working with both GRPAA and Envestnet Retirement Solutions to bring the benefits of CITs to a wider audience of qualified retirement plans and their plan participants," said
"This partnership symbolizes a new era as we enter the CIT marketplace," said
To participate, member firms should contact
More than 57,000 advisors and 2,500 companies including: 16 of the 20 largest U.S. banks, 38 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage
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