LeafHouse, GTC Collaborate on CIT Platform
The artificial-intelligence-powered system is designed to consolidate the many documents needed to run collective investment trusts.
LeafHouse Financial Services LLC and Global Trust Co. announced Friday a collaboration on an artificial-intelligence-powered platform to build and manage collective investment trusts.
The company’s proprietary CIT Compass platform provides stakeholders with real-time access to participation agreements, implementation materials and other legal documents. Recordkeepers, plan sponsors and asset managers can reduce reviewing and implementation processes through AI-powered assembling of agreements and multi-party e-signature capabilities.
“CITs continue to grow, but the infrastructure around them has not kept up. … CIT Compass solves this by delivering a centralized, transparent operating system for the entire CIT lifecycle,” said Todd Kading, LeafHouse’s president and CEO, in a statement. “Partnering with GTC is a natural fit. This is about making the entire ecosystem work better.”
LeafHouse and GTC previously collaborated in 2024 on managed accounts featuring State Street Global Advisors’ target-date funds with a lifetime income component. The managed accounts are offered by LeafHouse, iJoin and Advantage Retirement Solutions; GTC is the fiduciary and trustee of the series.
Also in 2024, LeafHouse expanded its managed account offerings for defined contribution plans with integrations of BlackRock’s glide path investment strategy and iJoin’s participant platform.
Since 2023, GTC has been the fiduciary and trustee of a target-date-fund series with an embedded retirement income annuity offered by State Street and Annexus Retirement Solutions. GTC manages more than $100 billion in non-registered pooled vehicles, including proprietary and non-proprietary CITs, LLCs and group trusts.