Collective investment funds give registered investment advisers (RIAs) a vehicle to distribute their investment strategies to qualified retirement plans across the country. In the past, these funds have been expensive to establish, but Alta Trust makes collective investment funds available and affordable to any RIA firm. With a collective investment fund, Folio advisers can manage one account for the benefit of an unlimited number of retirement plans.
Folio’s custody and trading platform combined with Alta Trust’s cost-effective solution for collective investment funds is sure to help grow assets under management for advisers, said Mark Ponder, president and chief executive of Alta Trust. “The relationship will improve investment outcomes for retirement plan participants—a true win-win,” Ponder said.
According to Greg Vigrass, president of Folio Institutional, the firm has been seeing demand from advisers for innovative ways to deliver investment expertise efficiently and cost effectively, and to a growing base of qualified plans. “This service is another way to expand the possibilities,” Vigrass said.
Folio Institutional is a custody and portfolio management service. Alta Trust is a financial services firm that acts as trustee for collective investment funds.
More information is at Alta Trust Company’s website.