Houston Firm Releases CIFs for Adviser, TPA Market

Houston-based Hand Benefits&Trust has unveiled what it said is a new breed of collective investment funds (CIFs) that offers multiple share classes to pay advisers and third-party advisers (TPAs).

A Hand news release said the new offerings have an institutional share class including all trading, execution, trustee, and adviser fees of less than a 1% total expense ratio.

According to the announcement, the Moran Asset Management Group will manage four of the CIF’s for Hand.

The company said the new offerings feature managed asset allocations at the 401(k) participant level, tailored to the participant’s risk.

More information is at http://www.handgroup.com/index.html or by calling 713-460-1000.