Rob is Group Vice President, and Institutional Business Line Leader for Retirement and Institutional Custody Services. He leads the Intermediary Sales team and is the product leader for the Collective Investment Trust business. He is responsible for building and managing enterprise level partnerships and strategic alliances that create opportunities to broaden the business and service offering.
He has over a decade of industry experience, with more than half of those spent with Wilmington Trust.
Rob earned a Bachelor of Arts degree in Finance from Washington State University.
The COVID-19 pandemic has taken a tremendous economic toll on businesses and individuals, forcing people to evaluate critical issues, including how well their retirement plan can weather this storm. Though a busy and challenging time, this is an opportune moment for plan advisers to ensure that their plan sponsors and participants have access to low-cost, flexible investment vehicles.Collective investment trusts (CITs) can help address industry-wide fee pressures.
Collective investment trusts (CITs) continue to gain momentum in defined contribution plans. What are the driving forces behind their popularity? We invited industry experts to share their thoughts on collective investment trusts, or CITs, as a cost-effective and competitive investment option for DC plan lineups.
Collective Investment Trusts (CITs) are gaining traction and eligible investors are combining these assets into a single investment portfolio, or fund. These tax-exempt, pooled investment vehicles are typically sponsored and maintained by a bank or trust company acting as trustee. Often, they are used to pursue a set of stated investment objectives and strategies.In recent years, CITs have seen tremendous growth and are becoming a bigger part of the retirement puzzle.
