Collective Trust Funds Today: Recent Developments in Banking, SEC, and ERISA Regulation and Compliance - CLE, Continuing Legal Education - ALI
Collective Trust Funds Today:
Recent Developments in Banking, SEC, and ERISA Regulation and Compliance
  • Thursday
  • May 9, 2013
  • Thomson Hall
  • New York, NY
Register Now!

Shipped to you: Printed Coursebook | MP3 CD-ROM | DVD Video

Available Online: | Coursebook

Why You Should Attend

The first and only comprehensive CLE program on collective trust funds!


Are you prepared to face new legal challenges as you enjoy an increase in business opportunities?


Collective Trust Funds (CTFs) are rapidly becoming the investment vehicle of choice for many 401(k) plan sponsors. Now that these funds offer daily valuation and investment direction combined with the potential for lower costs, many 401(k) plan sponsors have either moved toward CTFs being offered as an alternative to, or alongside, registered mutual funds.


Attend this in-depth program because success in the handling of CTFs requires a comprehensive understanding of the recent regulatory and market developments.

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What You Will Learn

Our expert faculty of leading banking, SEC, and ERISA lawyers and other investment professionals will cover various pertinent topics, such as:

CTFs, competing products, and new product design in the current marketplace

Internal and external distribution platforms

Performance advertising

Working effectively with third-party advisers

Hot button regulatory issues: Class Structures, Inside/Outside Fees, Fee Layering, Valuation and Investing in Proprietary Products


This advanced, one-day accredited conference on Collective Trust Funds will enable you to network with fellow industry professionals as you learn about the important developments in this area of law.

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Who Should Attend

Legal and compliance professionals involved in the creation and sale of CTFs, including bank counsel, securities lawyers, and ERISA counsel, as well as any business personnel seeking a better comprehension of the legal and compliance framework in which collective trust funds operate, should attend this accredited continuing legal education program from ALI CLE.

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Planning Chair

Clifford E. Kirsch, Sutherland Asbill & Brennan LLP, New York (also on faculty)

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Theresa M. Brunsman, Counsel, Invesco Advisers, Inc., Louisville, Kentucky

Charles E. Cullinane, Vice President, Managing Counsel, State Street Global Advisors, Boston

Steve Deutsch, CFA, CAIA, CTP, Chicago

Sharon H. Ennis, Senior Vice President, Reliance Trust Company, Atlanta

James O. Fleckner, Goodwin Procter LLP, Boston

Bruce Gallant, Managing Director and Associate General Counsel, JPMorgan Chase & Co., New York

Charles M. Horn, Morrison & Foerster LLP, Washington, D.C.

Timothy E. Keehan, Vice President and Senior Counsel, Center for Securities, Trusts and Investments, American Bankers Association, Washington, D.C.

Joel Lieb, Managing Director, Investment Manager Services, SEI Investments Distribution Co., Oaks, Pennsylvania

Kevin Lyman, General Counsel, Institutional Division, Invesco National Trust Company, Atlanta

Richard K. Matta, Groom Law Group, Chartered, Washington, D.C.

Gina Mitchell, President, Stable Value Investment Association, Washington, D.C.

John Munch, General Counsel, SEI Investments Distribution Co., Oaks, Pennsylvania

Donald W. Smith, K&L Gates LLP, Washington, D.C.

Joyce M. Smith, Chief Legal Officer, Prudential Trust Company, Newark, New Jersey

W. Mark Smith, Sutherland, Asbill & Brennan LLP, Washington, D.C.

ALI CLE Program Attorney: Thomas M. Hennessey (

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Program Schedule


8:00 a.m. Registration and Continental Breakfast

8:55 a.m. Welcome and Announcements - ALI CLE Staff
Video Webcast Segment A

9:00 a.m. Regulatory and Litigation Round-Up - Messrs. Fleckner and M. Smith

10:00 a.m. The Marketplace for Collective Trust Funds: CTFs and Their Competing Products - Messrs. Deutsch and Lieb and Ms. Ennis (invited)

11:00 a.m. Networking and Refreshment Break

11:15 a.m. Hot Button Regulatory Issues - Messrs. Horn, Keehan, and Matta
   •   Class Structures
   •   Inside/Outside Fees
   •   Fee Layering

   •   Valuation

   •   Investing in Proprietary Products

12:15 p.m. Lunch Break (Lunch is provided.)
Video Webcast Segment B

1:30 p.m. Marketing and Distribution Activities - Messrs. Cullinane, Lyman, and D. Smith and Ms. Smith
   •   The Regulatory Framework
   •   Internal and External Distribution Platforms
   •   Performance Advertising

2:30 p.m. Stable Value FundsMss. Brunsman and Mitchell and Mr. Gallant

3:30 p.m. Networking and Refreshment Break

3:45 p.m. Third-Party Advisers in the Collective Trust Fund Space - Messrs. Kirsch and Munch
   •   Structuring the Relationship
   •   Delegation and Oversight of Investment Management
   •   Advertising Performance
   •   Marketing Materials

5:00 p.m. Adjournment

Total 60-minute hours of instruction: 6.25 hours

Suggested Prerequisite: Limited experience in legal practice in subject matter or completion of Basic CLE Course in subject matter

Educational Objective: Acquisition of knowledge and skills to develop proficiency as a practitioner; maintenance of professional competence as a practitioner; provision of information on recent legal developments

Level of Instruction: Advanced

Click Here for MCLE Credit Information

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Here's what registrants have said about this course:
Great job on this year 's CIT ALI CLE event. Everyone did a fantastic job! - 2013 course registrant
Great Program - 2013 course registrant 
This was a fantastic course. The faculty was extremely knowledgeable on the subject matter and facilitated a very interesting and detailed discussion among the participants. Congratulations on a job well done.
This was an excellent course that helped to get me up-to-speed on collective trusts. I thought it presented a nice blend of legal and business issues, and was valuable to both new and experienced practitioners.
Great new course.
This was a fabulous course! Lots of great info shared.
Fantastic seminar! Extremely informative panel members. Outstanding materials.
Excellent Seminar.

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All times are Eastern

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