SEP 14 2017

GRP Advisor Alliance Partners with Envestnet | Retirement Solutions and Reliance Trust to Launch Foundational Retirement Solutions Suite of CITs


Carlsbad, C.A., September 14, 2017 -- GRP Advisor Alliance (www.grpaa.com), an elite group of retirement plan firms focused on empowering advisors, has partnered with Envestnet | Retirement Solutions (ERS), a leading integrated services provider for retirement advisors, and Reliance Trust, an FIS company and one of the nation's largest trust companies, to launch Foundational Retirement Solutions (FRS), a suite of collective investment trusts (CITs).

Leveraging the scale of GRPAA, Envestnet | Retirement Solutions’ investment acumen, and Reliance Trust’s leadership as the sponsor and trustee, member firms will have access to a broad set of Foundational Retirement Solutions collective investment trusts (CIT). FRS will be launching 10 core index funds and a passive target date fund available to retirement plans regardless of size. The suite of CITs is focused on providing retirement plan advisors and plan sponsors with competitive pricing, access to some of the most well-known investment providers in the industry, and strategies that deliver a holistic offering to participants.

Collective investment trusts offer a more efficient and flexible structure for ERISA retirement plans, lowering the cost of investments for participants while seeking to positively impact their investment rate of return. CITs have been available for over 75 years and, up to this point, have been used by only the largest retirement plans in the country. Now, with the advent of Foundational Retirement Solutions, CITs and their associated benefits can be used with plans of all sizes—regardless of assets or number of participants.

“We’re incredibly pleased to partner with both ERS and Reliance Trust to accelerate the FRS CIT program,” said Christopher Giles, Senior Managing Partner at GRPAA. “This new, exclusive offering of CITs provides advisors and plan sponsors with access to investments that help manage participant investment expenses and provide real, tangible benefits to plans of all sizes.”

"We look forward to working with both GRPAA and Envestnet Retirement Solutions to bring the benefits of CITs to a wider audience of qualified retirement plans and their plan participants," said Scott Parry executive vice president and general manager for Reliance Trust.

“This partnership symbolizes a new era as we enter the CIT marketplace,” said Babu Sivadasan Group President at Envestnet | Retirement Solutions. “In GRPAA and Reliance Trust we have partners that complement our scale, align with our investment philosophy, and share our desire to bring about real change in the retirement plan marketplace. We look forward to helping forge a new future for the industry.”

To participate, member firms should contact Geoff White, Managing Partner at GRPAA, at geoff.white@grpaa.com or 949.359.0031.

For more information, visit grpaa.com and follow GRP Advisor Alliance @GRPAdvisor on Twitter.


About GRP Advisor Alliance

GRP Advisor Alliance is an elite group of over 350 retirement plan advisors—representing over 25,000 retirement plans and $195 billion in assets — who have achieved a rare level of professional accomplishment. GRP Advisor Alliance is focused on providing a clear, forward-looking vision, seasoned expertise, educational & best practice sharing opportunities for advisors, technology enablement systems, and a turnkey financial wellness program for retirement plan advisors across the country. Visit GRPAA.com to learn more.


About Envestnet

Envestnet, Inc. (NYSE: ENV) is the leading provider of intelligent systems for wealth management and financial wellness. Envestnet’s unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutionalquality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides an integrated platform that combines leading practice management technology, research, data aggregation and fiduciary managed account solutions.

More than 57,000 advisors and 2,500 companies including: 16 of the 20 largest U.S. banks, 38 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.


Media Contact:

DChristopher Giles
GRP Advisor Alliance
Email: christopher.giles@grpaa.com
Phone: 949.359.0023

Dana Taormina
Envestnet | Retirement Solutions
Email: dtaormina@jconnelly.com
Phone: 973.850.7305