Fiduciary and Regulatory Framework Innovations Shaping the Future of the Secondaries Market

As Ben’s President and Chief Fiduciary Officer, Derek Fletcher discusses how his team has established a framework that is underpinned by rigorous fiduciary principles, but still flexible enough to bring new, innovative solutions to market for our customers. In a recent interview, he shares his perspective on Ben’s accomplishments thus far and his vision for what’s next.

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Official Seal of the TEFFI Act

Ben Receives Conditional Charter from Kansas State Banking Commissioner

DALLAS — July 6, 2021 — Ben announced the issuance of a conditional charter from the Kansas State Bank Commissioner to establish a fiduciary financial institution within the State of Kansas. The conditional charter, issued July 1, 2021, marks the beginning of Ben’s role as pilot under a new set of industry regulations enacted within the State of Kansas through the Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.

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