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.
BEN UPDATES
In an interview with CNBC, Ben Board member Richard Fisher chats about the transformative potential of new legislation that could help Kansas become a national hub for alternative assets.