As I discussed in my last blog post, Collective Investment Trust (CIT) growth is something we’ve been keeping a close eye on here at Delta Data.
I believe this trend strikes a particularly loud chord within the industry today because it’s a microcosm of the seismic changes we’re helping our client’s weather in terms of product strategy. It’s yet another moment in time in our industry where the curtain has been pulled back to reveal some of the back-office shortcomings that have plagued us for years, like siloed data systems that rely heavily on manual processes and spreadsheets. Read more
At the recent Coalition of Collective Investment Trusts annual meeting in New York, a central topic of all the sessions was a clear move down market. CITs are no longer only marketed to and sold to the mega plans where they got their start 15 years ago. Smaller 401k plans are now the target and this shift in demographics could spell disaster without technology support. Read more