Bill Hortz's picture

Ultimus Fund Solutions - one of the largest, independent mutual fund services and middle-office technology providers for RIAs in the country - kicked off their 2018 Client Conference yesterday by inviting their asset management clients to their headquarters in northern Cincinnati.

After a welcome luncheon and tour of their facilities, a number of departments did brief presentations:

Bob Dorsey, CEO & Managing Director provided a quick update of major news -

Ultimus has closed an agreement to purchase Woodfield Fund Administration, LLC, a Chicago-based administrator specializing in hedge fund and private fund services. They currently have 58 clients, including 70 hedge funds and 61 private equity funds, for a total of 131 funds and $11 billion in assets under administration. Ultimus clients, investment advisers and fund managers are now able to access a complete range of services from one combined company, including a full suite of ’40Act, private fund, and middle office administration services.

Gary Tenkman has recently been promoted to President of Ultimus Fund Solutions. During his four-year tenure as COO of Ultimus, the firm has doubled in size, making them one of the largest independent mutual fund service providers in the country.

The goal of Ultimus when founded in 1999 by Co-Founders Bob Dorsey and Mark Seger was to be the best administrator in the country with a cornerstone of exceptional client service. The firm is proud to have won the #1 best administrator recognition by the Global Custodian Industry Leaders Award for the past 3 years in a row. As the firm grows, Bob pledged to continue this commitment to be the most trusted business partner to investment advisors and fund families by providing a highly valued suite of professional services and exceptional customer service.

Other presentations reviewed achievements and future plans from the tax, fund administration, fund accounting, compliance and transfer agency departments.

Common themes emerged that included:

1. The dedicated use of technology to achieve straight through processing freeing up personnel to do more analysis and less data input functions.

2. Development internally and with vendor partners on building APIs throughout the firm so all systems are able to talk to each other.

3. Firm has grown by purposely bringing in highly experienced professionals in all areas of the firm.

4. All departments in Ultimus are organized as teams and work in a collaborative way across departments which allows knowledge sharing and helps with talent retention through fostering comaraderie and a an active learning environment. 

So at Ultimus everyone and everything is talking and working with each other - from people to systems.


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