CITS-DT

Beutel Goodman Partners with SEI to Launch the Beutel Goodman U.S. Large Cap Value Collective Investment Trust in the U.S.

Retrieved on: 
Wednesday, March 27, 2024
Growth, CITS-DT, CIT, Senior, AUM, UCITS, Consultant

TORONTO, March 27, 2024 /PRNewswire/ - We are pleased to announce that Beutel, Goodman & Company Ltd. ("Beutel Goodman") has partnered with SEI® to launch the Beutel Goodman U.S. Large Cap Value Collective Investment Trust ("CIT" or "Trust").

Key Points: 
  • TORONTO, March 27, 2024 /PRNewswire/ - We are pleased to announce that Beutel, Goodman & Company Ltd. ("Beutel Goodman") has partnered with SEI® to launch the Beutel Goodman U.S. Large Cap Value Collective Investment Trust ("CIT" or "Trust").
  • Beutel Goodman, an SEC-registered investment adviser with $35.9 billion in assets under management (AUM, as at December 31, 2023), is the investment adviser to the CIT.
  • The launch supports increased demand for CITs and interest in Beutel Goodman's disciplined, high-conviction U.S. Large Cap Value strategy.
  • We invite U.S. clients and consultants to contact one of the Beutel Goodman institutional representatives listed below for further information about the Beutel Goodman U.S. Large Cap Value strategy.

New Solution from TIAA and Empower for DC plans Makes Guaranteed Lifetime Income Available to Millions More Americans

Retrieved on: 
Thursday, March 21, 2024
Growth, TIAA, Empower, CITS-DT, Retirement, Business development, Life, Workforce, Nuveen, Life insurance

GREENWOOD VILLAGE, Colo. and NEW YORK, March 21, 2024 /PRNewswire/ -- The TIAA Secure Income Account (SIA), TIAA's guaranteed lifetime income solution, will be available to Empower's defined contribution (DC) plans. At a time when Americans currently face a projected $4 trillion retirement income gap, the agreement between Empower and TIAA can help more Americans build retirement security through in-plan lifetime income.i

Key Points: 
  • SIA leverages Nuveen's distribution strength and its expertise as the investment manager of the TIAA General Account, which backs the SIA income guarantee.
  • "Together with Empower, we are helping employers directly and easily address America's retirement challenge by making guaranteed lifetime income a reality for more people," said Brendan McCarthy, Head of Retirement Investing at Nuveen, TIAA's asset manager.
  • According to TIAA's 2022 Retirement Insights Survey, more than one-third of employers think their plans fall short in securing guaranteed lifetime income – and 70% agree that their DC plan should include lifetime income options.
  • It is one of only three U.S. insurers to hold the highest possible ratings from three of the four leading ratings agencies.

OneAmerica Financial(SM) Announces New Active Target Date Series

Retrieved on: 
Wednesday, March 6, 2024
Innovation, Principal, Retirement, FDIC, AUL, Federal Reserve, PRD, Business development, Risk, Trustee, Federal, OneAmerica Financial Partners, CITS-DT, Investment, OneAmerica Tower, Financial adviser

INDIANAPOLIS, March 6, 2024 /PRNewswire/ -- OneAmerica FinancialSM is proud to announce the launch of RetirementTrack American Funds, a new investment option ideal for clients looking for a target date series that may be more cost-effective than traditional target date funds (TDFs).

Key Points: 
  • RetirementTrack American Funds offers clients a new, actively managed option
    INDIANAPOLIS, March 6, 2024 /PRNewswire/ -- OneAmerica FinancialSM is proud to announce the launch of RetirementTrack American Funds, a new investment option ideal for clients looking for a target date series that may be more cost-effective than traditional target date funds (TDFs).
  • RetirementTrack American Funds is an actively managed target date series of collective investment trusts (CITs) that are trusteed by Great Gray Trust Company, LLC and only offered on retirement platforms.
  • Recently, OneAmerica Financial celebrated the RetirementTrack target date series' (a similar set of CITs also trusteed by Great Gray Trust Company, LLC) three-year anniversary and surpassing $1 billion in assets.
  • OneAmerica Financial is collaborating with three industry providers on this endeavor: flexPath Strategies, LLC; Great Gray Trust Company, LLC; and American Funds.

Themes Management Company Selects SS&C to Provide Distribution Services for ETF Suite

Retrieved on: 
Thursday, February 22, 2024
SS&C, Aviation, Marketing, ETF, FINRA, CITS-DT, Leverage, Literature, Financial adviser

WINDSOR, Conn., Feb. 22, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Themes Management Company, LLC, has selected SS&C ALPS Distributors to provide distribution services to Themes ETFs.

Key Points: 
  • WINDSOR, Conn., Feb. 22, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Themes Management Company, LLC, has selected SS&C ALPS Distributors to provide distribution services to Themes ETFs.
  • Themes ETFs is led by CEO Jose Gonzalez-Navarro, who previously cofounded Global X ETFs in 2008 and London-based Leverage Shares ETPs in 2018.
  • The Themes ETF Trust series has 11 thematic ETFs focused on niche opportunities within technology, commodities and aviation, with plans to further expand the lineup.
  • Services include compliance, fund and legal administration, distribution services, compliance and more.

Pictet Asset Management launches first suite of CITs and chooses SEI as strategic partner

Retrieved on: 
Tuesday, February 6, 2024
Senior, Consultant, USD, CIT, CITS-DT, Security (finance)

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Pictet Asset Management ("Pictet AM") has launched its first suite of four collective investment trusts (CITs) to the US institutional retirement market.

Key Points: 
  • NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Pictet Asset Management ("Pictet AM") has launched its first suite of four collective investment trusts (CITs) to the US institutional retirement market.
  • In the 1990s, Pictet AM pioneered thematic equity strategies offering investors the opportunity to capitalise on the most powerful trends shaping our world.
  • Pictet AM has chosen SEI as a partner for the launch of Pictet Clean Energy Transition CIT, Pictet Emerging Markets Debt Blend CIT, Pictet Emerging Markets Debt Local Currency CIT and Pictet Emerging Markets Hard Currency Debt CIT.
  • We're excited to welcome Pictet Asset Management to SEI and look forward to servicing and supporting their CIT business."

Bailard Technology Strategy Named to Pensions and Investments’ Top Performing Separate Accounts and CITs List

Retrieved on: 
Friday, December 22, 2023
Professional Services, Data Management, Technology, Other Technology, Finance, Asset Management, Fintech, Crain Communications, Strategy, Synthetic media, CITS-DT, News, Technology strategy, Generative, Growth, Pension, CFA

The ranking, compiled by Morningstar, was recently unveiled by Pensions & Investments, the global news source of money management and institutional investing in " Top Performing Separate Accounts and CITs (collective investment trusts).

Key Points: 
  • The ranking, compiled by Morningstar, was recently unveiled by Pensions & Investments, the global news source of money management and institutional investing in " Top Performing Separate Accounts and CITs (collective investment trusts).
  • ” Every quarter, Morningstar compiles a list of "Top Performing Separate Accounts and CITs" for Pensions & Investments.
  • The Bailard Technology Strategy placed in the top ten of its Technology Category, posting a 42.7% gross of fee return and 42.2% net of fee return for the 1-year period ending September 30, 2023.
  • For the 5-year period ending September 30, 2023, the Strategy posted a 13.4% gross of fee return and 12.9% net of fee return.

Putnam Investments’ VisualizerSuite Receives Industry Award for Advisor Value-Added Programs in DCIO Market

Retrieved on: 
Thursday, October 12, 2023
Finance, Consulting, Banking, Professional Services, Asset Management, Multimedia, Retirement, CITS-DT, Consultant, Investment, ETF, Philosophy, Putnam Investments, Putnam, Financial adviser

Putnam Investments announced today that its VisualizerSuite won the WealthManagement.com award for best advisor value-added program from a defined contribution investment only (DCIO) provider.

Key Points: 
  • Putnam Investments announced today that its VisualizerSuite won the WealthManagement.com award for best advisor value-added program from a defined contribution investment only (DCIO) provider.
  • This press release features multimedia.
  • “This award is reflective of Putnam’s unyielding dedication to providing advisors and consultants with unique insight as they develop critical strategies to help guide their clients to address their long-term financial and retirement needs,” said Steve McKay, Head of Global DCIO and Institutional Management for Putnam Investments.
  • VisualizerSuite is part of a broader digital commitment by Putnam to the DCIO and broader financial advisor community.

PGIM announces enhancements to target date funds

Retrieved on: 
Tuesday, October 10, 2023
Banking, Asset Management, Professional Services, Finance, Investment, Multimedia, Retirement, NYSE, CITS-DT, TDF, DC, PGIM, Prudential Financial, TIPS, Prudential, Head, PRU, Face, Life insurance, Financial services, Financial adviser

“By reducing fund expenses and integrating financial wellness into the conversation, we believe our platform can help deliver the retirement income investors need.” --Michael Miller, Head of PGIM DC Solutions (Photo: Business Wire)

Key Points: 
  • Primary enhancements to the suite of mutual funds and collective investment trusts (CITs) include:
    This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20231010975942/en/
    “By reducing fund expenses and integrating financial wellness into the conversation, we believe our platform can help deliver the retirement income investors need.” --Michael Miller, Head of PGIM DC Solutions (Photo: Business Wire)
    New name: Currently branded as the Prudential Day One Funds, the funds will be renamed the PGIM Target Date Funds
    Lower fees: PGIM is lowering the net expense ratio for the target date mutual funds from 0.40% to 0.25%.2 In addition, the expense ratio for the institutional share class of the CITs is expected to drop from 0.34% to 0.19%.3
    Adjustments to underlying investments: PGIM will replace select underlying actively managed equity strategies with passively managed equity strategies.
  • The enhancements to the target date funds come on the heels of a new initiative from PGIM DC Solutions — PGIM RetireWell™ Solutions , which is focused on helping DC plan participants achieve better retirement outcomes through holistic advice and guidance.
  • In addition to the firm’s target date funds and financial wellness offerings, PGIM RetireWell Solutions will also include retirement income strategies and managed accounts powered by PGIM’s proprietary advice engine.

Rising Plan Complexities Create Opportunities for Greater Advisor Impact, According to Fidelity® Study

Retrieved on: 
Monday, August 28, 2023
Professional Services, Other Professional Services, Human Resources, Finance, Asset Management, Consulting, Personal Finance, Communication, Education, Investment, Pathe, Research, CITS-DT, Generally Accepted Recordkeeping Principles, Fidelity Investments, Retirement, Acquisition, Knowledge, Benchmarking, Fidelity, Financial adviser, Health insurance

Most notably, rising plan complexities – ranging from investment menu changes to evolving plan designs – are creating avenues for greater advisor impact.

Key Points: 
  • Most notably, rising plan complexities – ranging from investment menu changes to evolving plan designs – are creating avenues for greater advisor impact.
  • The research revealed plan sponsors value improved participant outcomes (44%) over any other service offered by their plan advisor.
  • All plan sponsors confirmed their plans had at least 25 participants and at least $3 million in plan assets.
  • Though the survey is broad in scope the experience of the plan sponsors participating in the survey may not be representative of all plan sponsors.

Spouting Rock Retirement Solutions Relaunches as Collective Retirement Solutions, LLC Led by Industry Veteran

Retrieved on: 
Thursday, August 17, 2023
Personal Finance, Consulting, Accounting, Professional Services, Other Professional Services, Retirement, CRS, Trust, CITS-DT, Transamerica Retirement Solutions, CIT, Financial adviser

Spouting Rock Financial Partners proudly announces the transformation of its retirement solutions division, previously operating as Spouting Rock Retirement Solutions, into an independent entity, Collective Retirement Solutions, LLC (CRS).

Key Points: 
  • Spouting Rock Financial Partners proudly announces the transformation of its retirement solutions division, previously operating as Spouting Rock Retirement Solutions, into an independent entity, Collective Retirement Solutions, LLC (CRS).
  • "Collective Retirement Solutions represents a new chapter in our journey to redefine and elevate retirement investment possibilities," said Bill Higgins, Managing Partner.
  • CRS will leverage the resources and support of its affiliate, Spouting Rock Financial Partners, a multi-boutique manager platform providing investment solutions and services.
  • By combining the collective strengths of Spouting Rock Financial Partners with CRS's unwavering dedication to retirement solutions, clients can expect an elevated level of service, streamlined processes and a seamless investment experience.