Innovation News Items

Day 1 Report on Ultimus Funds Solutions 2018 Conference

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.


Institute for Innovation Development Teams Up With FEI

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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 or call 888.884.3332.


The Wealth Blueprinting Conference

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The Wealth Blueprinting Conference      

May 2-4, 2018

Innisbrook Golf Resort- TampaBay

Palm Harbor, Florida

Brought to you by  The Financial Engineering Institute


The Institute for Innovation Development highly recommends this unique conference which is designed to support advisors and managers of complex family and business wealth: multi-family offices, wealth managers, attorneys, CPAs, estate planners, investment and insurance professionals. With over 10 hours of continuing education credits, the conference will map out and help advisors synchronize their firms with the ecosystems of families of wealth and their businesses.

Topics to be covered include:

- Blueprint of the wealth management firm of the future

- Neutralizing "robo" with 6-dimensional asset management

- Converting taxable capital into charitable capital

- Embedding turnkey trust services into your practice

- Asset protection power tools

- Estate migration design techniques

- Business transition strategies & compensation design

- Engineering a OneTouch360 Family Wealth Dashboard

For more information: (25% discounts for participants with select professional designations including AEP, AIF, CFA, CFP, CIMA, CLU, JD, etc).

Big discount for Institute members and friends! Special discount registration link here: 

Plan to attend to better brand, position and differentiate your firm with HNW clients and their businesses!

Hosted by Nick Gregory, ChFE, ChFWA - Managing Partner and CEO of The Financial Engineering Institute

Contact for further questions:


FREE 2/28 HR webinar

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FREE 2/28 webinar: Hack HR to Create Best in Class Employee Experiences

Date: February 28 • Time: 2:30 PM ET • Duration: 1 Hour

For advisors and RIAs working in the corporate or retirement plans markets, we suggest you sign in to this FREE 2/28 HR webinar to see the issues/challenges your CEO/HR contacts face in 2018:

In times of constant and accelerated change, HR leaders must prepare today for the growing expectations of the workforce. With unemployment now at 4.1 percent, the war to attract, engage and retain employees is a growing concern for business leaders. Forward-thinking human resources leaders are no longer satisfied with just managing HR processes and monitoring employee effectiveness: They understand the power of creating compelling experiences to engage employees and develop talent.

That’s why some chief human resource officers and chief talent officers are applying a range of product design tools—from design thinking and employee-journey mapping to HR hackathons—to uncover employee needs with the same rigor companies use to uncover customer needs. Their goal is to create a holistic and seamless employee experience mirroring a company's best customer experience.

Webinar will answer the following three questions in this highly engaging discussion:

  • What's the difference between employee engagement and employee experience?
  • What are the five levers to create a compelling employee experience and what are some company use cases?
  • What design tools can HR leaders borrow from customer-experience management to enhance the employee experience?

As a bonus for attending, participants will receive a free executive book summary of The Future Workplace Experience.

Take advantage of these kind of opportunities to slip on a pair of your client's shoes and see their challenges from their perspective.

Register for FREE here:


FREE webinar - Behaviorally SMART Financial Personality

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Highly recommended advisor webinar from DNA Behavior

Tuesday, July 11, 2017 1:00 PM - 2:00 PM EDT

Research shows that 93.6% of the financial planning process is behavioral management of the client. In the highly competitive world of financial planning, Advisors need to become behaviorally smart for demonstrating sustainable value to their clients.

Webinar will guide you on how to:
•    Gain accurate and reliable behavioral insights for knowing who your clients are
•    Manage your clients’ emotions and help them to more confidently make committed decisions
•    Customize client meetings with behavioral questions to deepen discovery
Join this 1 hour webinar to discover 10 predictable behavioral insights about your clients' financial personality and help manage relationship risks that will have a significant impact on their financial planning.

To register for FREE access CLICK HERE.



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