Ultimus Fund Solutions - one of the largest, independent mutual fund services and middle-office technology providers for RIAs in the country - conducted a full day of informative sessions and panels for their asset management clients yesterday at the beautiful art deco Hilton Cincinnati Netherland Hotel.

The conference theme of Momentum was articulated in the welcome remarks by Bob Dorsey, CEO & Managing Director of Ultimus. He emphasized that to build and maintain momentum in your business, you need to realize that it is a dedicated, long term, multi-year process. You cannot take a few steps and believe it will create immediate success. He illustrated his points by describing the steps that Ultimus took to grow and build the momentum of the firm.

Day 2 of the Conference had twelve different general and breakout sessions with industry experts covering the most important trending topics in the asset management industry covering the compliance, regulatory, tax, cybersecurity, distribution, fund governance, and technology areas.

Some examples of discussions included:

Dina Tantra from Ultimus, Mike Wible from Thompson Hine (Managing Partner - Columbus office) and Marty Burns from the ICI (Chief Industry Operating Officer) discussed regulatory hot topics like the anticipated proposal for an ETF Rule and the recent SEC rule proposals on best interest standard for broker-dealers with retail customers and the standard of care level for investment advisers. On the latter they encouraged Investment Advisors to comment and to stay tuned for clarifications on a very complex and confusing set of proposals.

Todd Cipperman, Principal of Cipperman Compliance Services reviewed his list of top 10 compliance trends in the industry and provided 10 action items for asset managers to best position and protect themselves from the recent trend in regulatory actions.

Adam Kornegay and Jace Schuppan of Ultimus led a panel discussion on the use and business applications for asset managers on different fund structures including private funds, CITs, interval funds and retirement share classes.

Kevin Guerette from Ultimus led a panel of money manager analysts which included Andrew Miller of JPMorgan, Andrew Kitching of Commonwealth, and Ted Finlay of Fifth Third Bank to discuss their investment due diligence process on asset managers and requirements to get on their investment platforms.

The day was capped off with a networking reception and dinner for guests at Paul Brown Stadium on the Cincinnati waterfront.

Tampa, Florida May 1, 2018 - The Institute for Innovation Development has been selected as the preferred provider of business innovation development services for The Financial Engineering Institute’s (FEI) network of over 2,200 wealth management professionals. 

“We are excited to add the Institute for Innovation Development to our Expert Sourcing Team,” said FEI President and Managing Partner, Nick Gregory, ChFE, CEBA, ChFWA. “With the accelerating rate of change in our industry, a strong understanding and creative application of business innovation resources are a growing necessity for wealth management firms to remain relevant and dynamic in addressing the changing needs and expectations of customers. The Institute’s ability to help develop and promote members’ business innovation efforts with their clients make them a natural fit for our team.” 

Bill Hortz, Founder & Dean of the Institute for Innovation Development, stated, “We are thrilled to add the Financial Engineering Institute to our Advisory Board to further explore synergies and invite their members and partners to explore our business innovation platform of top cross-industry business innovation consultants, FinTech companies, financial media partners, and active money managers with non-traditional investment approaches and business models. We are very honored to become an active member of FEI’s Expert Sourcing Team.” 

With this announcement, the Institute for Innovation Development joins an arsenal of best-of-breed expert sourcing firms to provide services to FEI’s network of wealth management firms, investment and insurance advisors, attorneys, and CPAs across the nation. The result is the fusion of advanced knowledge, experience, services, and products with sound engineering principles to create a synchronized hub for family and business wealth building. 

The Institute for Innovation Development is an educational and business development catalyst for growth-oriented financial advisors and financial services firms determined to lead their businesses in an operating environment of accelerating business and cultural change. We position our members with the necessary ongoing innovation resources and best practices to drive and facilitate their next-generation growth, differentiation and unique community engagement strategies. The institute was launched with the support and foresight of our founding sponsors - Pershing, Voya Financial, Ultimus Fund Solutions, Fidelity, and Charter Financial Publishing (publisher of Financial Advisor and Private Wealth magazines). For more information click here

The Financial Engineering Institute (FEI), headquartered in Tampa, FL, serves over 2,200 wealth management firms, investment and insurance advisors, Attorneys, and CPAs across the nation. FEI helps these professionals harmonize the complex wealth of families and businesses through the organization’s WealthBlueprintingTM Process. FEI is also the governing body and grantor of the Chartered Financial Engineer (ChFE) professional designation. For more information about The Financial Engineering Institute, visit thefei.com or call 888.884.3332.