Prime Capital Investment Advisors launches Fiduciary Investment Trust
Robert J. Cruz to lead business focused on improving participant outcomes
OVERLAND PARK, Kan. (Feb. 21, 2018) — Prime Capital Investment Advisors announces the launch of Fiduciary Investment Trust, LLC (“FIT”) as a separate enterprise. FIT provides comprehensive solutions that address a number of critical challenges facing employer-sponsored retirement plans.
At the highest level, FIT is focused on retirement plan health, which starts with “participant outcomes” – getting plan participants financially on track for retirement. “Increased savings is key for the vast majority of Americans and the only way we know to motivate people to save more is through robust education,” said Glenn Spencer, CEO of Prime Capital. In addition to participant education, FIT provides unbiased investment products with a strong track record of performance, plan health analytics and fiduciary risk management.
The launch of FIT comes with the appointment of Robert J. Cruz, executive vice president. Cruz joins FIT from AllianzGI and previously BlackRock. Robert brings over two decades of leadership in defined contribution and institutional investments to FIT. “I am thrilled to be joining the only organization I know of that is truly focused on the foundational challenges associated with retirement plans in America,” said Cruz.
“We are incredibly fortunate to have attracted Robert to lead FIT,” said Scott Colangelo, executive chairman of Prime Capital. “His track record of leadership and success is unparalleled.”
FIT is actively building its team of credentialed professionals who will provide education to retirement plan participants. Cruz is also working with his team to develop its marketing and distribution strategy and will be launching a company website (www.FITrusts.com) in early March. Interested professionals should inquire about opportunities at [email protected]
About Fiduciary Investment Trust
Fiduciary Investment Trust, LLC (“FIT”) is a series of collective investment trusts designed to deliver unprecedented retirement plan health results. FIT provides embedded services including robust participant education, unbiased underlying investments, and plan health analytics as well as an ERISA 3(38) offering designed to provide plan sponsors with fiduciary protection.
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