About Ultimus

Ultimus was founded in 1999, in Cincinnati, Ohio, as a professional services company to meet the needs of small and mid-sized fund companies. And while we're much larger today, including offices in Columbus, Ohio, Indianapolis, Indiana, Chicago, Illinois and Denver, Colorado, we've strategically managed our growth to maintain our hallmark personal client service.

Today, we provide a full suite of middle and back office services for open and closed-end mutual funds, private funds, separately managed accounts, business development companies and other pooled investment vehicles. Our experienced teams of fund accountants, attorneys, paralegals and other investment industry professionals work closely with our clients to achieve their goals.


  1. 1984

    • Ultimus founders enter mutual fund servicing

  2. 1999

    • Ultimus Fund Solutions, LLC launches as a professional service company providing high quality service to a select group of adviser clients.

  3. 2001

    • Ultimus serves 15 adviser clients

  4. 2002

    • Ultimus serves its first closed-end fund

  5. 2003

    • Ultimus serves 20 adviser clients

  6. 2004

    • Ultimus serves one of the pioneering liquid alternative funds which is still available more than 10 years later
    Ultimus moves to its current headquarters, 225 Pictoria Drive in Cincinnati

  7. 2005

    • Ultimus assets administered exceed $5 billion

  8. 2006

    • Ultimus serves 25 adviser clients

  9. 2007

    • Ultimus assets administered exceed $10 billion

  10. 2009

    • Dow and S&P reach financial crisis low point

  11. 2010

    • Ultimus assets administered exceed $15 billion

  12. 2012

    • Ultimus Managers Trust launches
    Ultimus hosts the firm's first client conference

  13. 2013

    • Ultimus serves its first tender-offer fund

  14. 2014

    Ultimus launches middle office services for advisers

  15. 2015

    • Ultimus earns two overall top ranking awards in the 2015 Global Custodian Mutual Fund Administrator Survey

    • Ultimus completes acquisition of Huntington Asset Services

  16. 2016

    • Ultimus adds offices in Columbus, Ohio and Indianapolis, Indiana

    • Ultimus assets administered exceed $30 billion
    • Ultimus earns two overall top ranking awards in the 2016 Global Custodian Mutual Fund Administrator Survey

  17. 2017

    • Ultimus assets serviced exceeds $50 billion
    For the third consecutive year, Ultimus receives the two overall top ranking awards in the Global Custodian 2017 Mutual Fund Administration Survey

  18. 2018

    • Ultimus acquires Woodfield Fund Administration and adds offices in Chicago and Denver
    • For the fourth consecutive year, Ultimus receives the two overall top ranking awards in the 2018 Global Custodian Mutual Fund Administration Survey

Award-Winning Partnership Approach

Since the firm was founded 19 years ago, Ultimus has invested significantly in personnel, technology and innovation for the benefit of our clients. At Ultimus, we are committed to being a trusted business partner to our clients, and are very proud of the effort put forth by everyone in the firm to provide first-class service. The following awards reinforce Ultimus’ leadership standing in the mutual fund administration space and reaffirm our ongoing commitment to excellence in client service and partnership.

Mutual Fund Administration Survey - Ultimus Receives Highest Scores in Industry Survey for Fourth Consecutive Year

In the 2015, 2016, 2017 and 2018 Mutual Fund Administration Survey by Global Custodian, Ultimus received the highest overall score of mutual fund service providers, earning the Market Outperformer Award. In 2018, we also scored the highest in all eight service categories, earning the Category Outperformer Award.

In this independent survey administered by Global Custodian, which surveys a portion of fund managers, Ultimus clients rated our services with the highest scores in all eight service categories. We received an overall score of 6.94 out of 7, our highest score to date. Thank you to our exceptional clients for the remarkable ratings!

Mutual Fund Services Awards - Ultimus Voted Best Administrator

For the past three years, Ultimus has been honored at the Mutual Fund Services Awards sponsored by Fund Intelligence, an industry group which provides insights and information for US mutual funds. In 2016, we took home “Best Administrator – Under $100Bn in Assets Under Administration Client Service” and in 2017 and 2018 we won “Best Administrator – Under $100Bn in Assets Under Administration."

Mutual Fund Administration Awards - Mutual Fund Administrator of the Year!

Ultimus was honored to receive three awards at the 2018 Global Custodian Industry Leaders Awards event, which celebrates the industry's most successful leaders. Global Custodian presented Ultimus awards for:

      • Mutual Fund Administrator of the Year,
      • Relationship Management & Client Service, and
      • Transfer Agency.

In 2017, Global Custodian presented Ultimus with awards for Best Overall Performance for Mutual Fund Administration and Quality of Personnel.

In 2016, we received awards for Value for Money and Quality of Personnel from Global Custodian at the Industry Leaders event.

Year in Review

In this Year in Review (YIR), we highlight Ultimus’ most recent accomplishments and milestones in 2018. True to our mission statement, we adhere to our commitment to be a trusted business partner to investment advisers and fund families. This report also covers our continuing efforts to provide consistent, excellent service as always and in this upcoming year.
Read the Report