RITA's vision is to be the leading innovator and contributor of retirement services industry knowledge and “best practices”, thereby enabling its members to provide the highest levels of retirement account and alternative asset administration and custody services. By doing so, we will help improve and expand opportunities for all Americans to invest and save for their retirement.
RITA is non-profit association of regulated banks, trust companies and industry-related professionals. Our Mission is to:
Promote the virtues of RITA members’ services through public relations, internet exposure, lobbying and participation in the law and rule-making process within government.
How did the Retirement Industry Trust Association (RITA) start?
Following the Tax Reform Act of 1986, it was clear to custodians and banks serving the self-directed retirement plan industry that a unified voice was needed to represent the interests of the industry.
The next year, 1987, the Retirement Industry Trust Association (RITA) was formed by Mary Mohr, Executive Director and other key industry professionals.
Its purposes are to:
Today, RITA members hold approximately $50 Billion in alternative assets in self-directed retirement plans.