Ultimus named fund providers associate for U.S. mutuals
CINCINNATI, Ohio, March 17, 2021 (GLOBE NEWSWIRE) – Ultimus Fund Options® (Ultimus®), a number one impartial supplier of built-in and customizable technology-driven fund administration options, is happy to announce that it has been chosen by USA Mutuals to supply accounting, administration, company providers switch and shareholder for its mutual funds. Ultimus helped USA Mutuals reorganize and convert their mutual funds from their former supplier earlier this 12 months.
As a part of the conversion, the USA Mutuals funds have moved from their outdated stand-alone belief to an Ultimus sequence belief, permitting the USA Mutuals workforce to give attention to technique and development in a altering surroundings, together with together with the longer term launch of recent merchandise and reducing their complete price of possession of managing their mutual funds. The corporate selected Ultimus, partially, due to its holistic relationship administration mannequin throughout the sequence trusts that not solely encompasses all of the “huge jobs” on the back-end for fund administration and advantages. confirmed in supporting the distribution, but in addition a complete consultative strategy offering info and skilled recommendation to purchasers of funding managers.
“The partnership with Ultimus has been an essential step within the sustainability of our surroundings,” mentioned Rick Sapio, President of USA Mutuals. “Ultimus has carved out a repute available in the market for his or her distinctive service ranges and likewise for his or her collaboration and steerage of their strategy, which is able to strengthen our capability to develop forward-looking methods that may assist develop our enterprise. We have been extraordinarily happy with the extent of care and professionalism we obtained from Ultimus when changing our funds which made the transition easy for us.
“We’re delighted to welcome USA Mutuals to our household of serial trusts,” mentioned Kevin Wolf, EVP, chargeable for fund and product administration at Ultimus. “We proceed to see stand-alone fund households reorganizing inside our customary belief construction to streamline their working mannequin and leverage Ultimus to realize efficiencies throughout their funds. Finally, our purpose is to ease the burden on fund advisers, permitting them to give attention to their portfolios and place them for development. “
Gary Harris, Ultimus EVP, Gross sales Supervisor, Says Ultimus Full Service Mannequin delivers a extremely scalable, managed, institutional grade working surroundings leveraging best-in-class expertise; and this fuels the expansion of the corporate’s new enterprise. “All the pieces we do revolves round our dedication to be a trusted and engaged associate for fund managers as they assess their funds and general enterprise fashions in in the present day’s surroundings and place themselves to develop their property.” , he mentioned. “The outcomes of our new purchasers proceed to mirror this dedication. Particular to our Serial Belief Answer, we’re proud to have obtained quite a few awards recognizing our Serial Belief as Finest in Class, most not too long ago receiving the Fund Intelligence Operations and Providers Award for Finest Belief Supplier multi-series.
Ultimus Fund Options (Ultimus) is a number one supplier of complete fund administration, accounting and funding options to assist the launch and administration of registered funds, personal funds and public plans. The corporate additionally presents customized buildings designed for the distinctive wants of pensions, endowments, foundations and different giant establishments. Ultimus’ deep dedication to excellence is achieved by way of investments in best-in-class expertise, compliance applications, organization-wide cybersecurity efforts and the recruitment of seasoned professionals.
Headquartered in Cincinnati, Ohio with places of work in different main cities similar to Chicago and New York, Ultimus employs greater than 700 accountants, legal professionals, paralegals, software builders, fund directors, compliance specialists and lots of extra. with years of expertise in monetary providers. business. Serving greater than 1,300 conventional and various funds in complete, Ultimus helps funding managers and fund households thrive in in the present day’s more and more subtle and dynamic funding panorama. For extra info, go to www.ultimusfundsolutions.com.