TOPEKA – August 24, 2022 – Lieutenant Governor and Commerce Secretary David Toland announced a new grant opportunity today that will help support economic development and revitalization efforts in smaller communities across Kansas through investments in quality-of-life initiatives.
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PRESS RELEASE
DALLAS – April 14, 2022 – The new foundation will direct funding to support community development projects in Hesston, Kansas and other rural communities, colleges, and universities throughout the state.
LEGISLATION
The TEFFI Act creates a business, regulatory, and tax-friendly operating environment and directly benefits communities in rural Kansas. Learn more about this ground-breaking legislation.
PRESS RELEASE
DALLAS — January 3, 2022 — The Charter enables Ben to serve as a regulated fiduciary in providing liquidity, custodial and administrative management services to alternative asset investors and managers under Kansas’ 2021 Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.
PRESS RELEASE
DALLAS — Jan. 20, 2022 — Ben announced an initial contribution of $15 million for the benefit of rural Kansas communities pursuant to the recently enacted Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.
LEGISLATION
DALLAS — June 15, 2021 — The Kansas TEFFI Act is a gamechanger for our industry as it provides the first unifying regulatory framework for general partners, sponsors, custodians, and transfer agents to better serve a growing pool of alternative asset investors and managers who finance and manage alternative asset holdings.
LEGISLATION
DALLAS — June 8, 2021 — The law, called the Technology Enabled Fiduciary Financial Institutions Act, allows for the creation and chartering of trust banks, to be known as TEFFIs, that as fiduciaries, finance alternative assets held in Kansas trusts as well as provide custodial and trustee services in the state.
BEN PERSPECTIVES SERIES
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.
PRESS RELEASE
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.
BEN PERSPECTIVES
Brad Heppner tells Fox Business anchor Liz Claman about Ben’s strategy for alternative assets and how a new law in Kansas aims to make the state a key financing hub for the $8.8 trillion alternative asset industry.
