Collective Investment Trust Services

Manage retirement plan assets in a cost-effective collective investment trust.

Collective Investment Trusts (CITs) remain a popular choice with advisers because of the lower marketing and distribution costs and fewer legal, administrative, and regulatory obligations as compared to other vehicles. Whether you’re launching a new strategy as a CIT or converting an existing fund to a CIT, UMB has the infrastructure and skills to support you.

Experience, service and support

Benefit from our team’s technical experience, our state-of-the-art systems and our commitment to outstanding client service and allow us to build a solution customized to your needs.

Unified back-office support

We handle the behind-the-scenes functions, from fund accounting, administration, trustee, transfer agency, and custody* services to regulatory compliance and tax reporting, so you can focus on serving your clients.

Strength and stability

With UMB, you receive the benefits of a large financial institution paired with our nimble, single-point-of-contact service approach.

Connect with our experienced fund administration team today

Key services to support your collective investment trust

Trust sponsorship

Fiduciary and investment oversight

Fund accounting and administration

Transfer agent services

Custody

Trustee services

Cash sweep

Optional securities lending services

Platform Connectivity

Audited financial statements

Regulatory filings

5500 schedules for defined benefit plan customers

Benefits of a collective investment trust

Lower expenses than mutual funds

Fewer legal and marketing fees

No requirement to produce a prospectus

Separate board of trustees not required

No SEC registration and state qualification fees

Shorter start-up time

What private fund managers should know about presenting to a ‘40 Act fund’s board

Facing the fund board Over years of working with private fund managers first entering the registered fund space, when it comes to the Investment Company Act of 1940, I have often made the point that you can’t manage the ’40...

Read Now
Trustee perspective on collateralized fund obligations (CFOs) 

Strong demand for private-equity and private-credit investments has led to the increasing popularity of collateralized fund obligations (CFOs) in addition to the better-known collateralized loan obligations (CLOs). As a trustee to these types of securitizations, we help protect investors’ interests...

Read Now
Interval and tender-offer fund distribution strategies

Interval funds and tender-offer funds have continued to raise assets at a rapid clip. As of June 30, 2025, we serve more than 46% of the unlisted closed-end fund market, and because of this, we are regularly involved in product...

Read Now
Why private equity leaders are moving to outsourced fund administration

In response to increasing interest from institutional investors and retail investors, more private equity fund managers are opening their minds to the proposition of outsourcing fund administration. Doing so responds to calls from investors and pressures on internal operations. Both...

Read Now
Launching a private fund with plans to convert to a registered fund

Launching a private fund is a fairly streamlined process compared to launching a registered fund, in part because there’s no need to wait for the Securities Exchange Commission (SEC) to complete its review and for its approval to become effective...

Read Now

Collective Investment Trusts in Focus: Market Developments and Trends

Collective Investment Trusts (CITs) are accelerating in adoption, proving to be one of the fastest-growing vehicles in the retirement space. This report uncovers the latest market insights, emerging trends, and strategic opportunities that are redefining how asset managers and plan sponsors approach growth. Discover what’s driving the momentum and what’s next for CITs.

Access report