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.
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.
What are some of the benefits of a collective investment trust (CIT) for advisors, consultants, and plan sponsors? Download White Paper Learn more about the many advantages of considering CITs as investment vehicles in defined benefit and defined contribution plans, including myths surrounding CITs and the benefits for advisors, consultants, and plan sponsors.
Increased transparency around Collective Investment Trusts could boost demand.Collective Investment Trusts are becoming an increasingly important part of the retirement space.In 2018, the SEC announced it would be scrutinizing the fees charged by financial professionals, and how those expenses are disclosed to investors.
