Johnson Investment Counsel Selects Ultimus for Fund Accounting Services

Feb 24, 2015

Firm to Leverage Ultimus’ Expertise for Continued Growth in Complex Operational Landscape

CINCINNATI, OHIO – FEBRUARY 24, 2015 Ultimus Fund Solutions, LLC (Ultimus) announced today that it has been chosen by Cincinnati based Johnson Investment Counsel (Johnson), the largest independent wealth management firm in Ohio, to provide fund accounting services for the firm’s family of mutual funds. Johnson, which previously handled its entire fund accounting in-house, made the decision to partner with an outside expert as its business continued to evolve and the regulatory and operational landscape grew increasingly complex. Ultimus will perform accounting and pricing for the firm’s 11 mutual funds –which includes equity, fixed income, international, and realty funds. Johnson’s decision to partner with Ultimus reinforces the ongoing operational outsourcing trend as managers look to focus internal resources on core business functions.

“We’re seeing more investment managers use outsourcing as a viable approach to keep up with constantly changing technology and regulatory environment, while maximizing internal resources,” said Bob Dorsey, Co-Founder and Managing Director at Ultimus. “We provide the technology, the people and the expertise so firms can focus on managing money and servicing clients, not operations. Johnson Investment Counsel has been around for 50 years and has an excellent reputation, and we’re happy to partner with them for the next step in their growth.”

Johnson Investment Counsel has more than $8 billion in assets under management, and launched its first mutual funds almost 20 years ago.

“Our firm has had a tremendous amount of success over the years, but as we started evaluating the best way to handle the continued growth, we decided to blend in-house solutions with key outsourced partners such as Ultimus,” said Jason Jackman, President and Chief Investment Officer of Johnson Investment Counsel. “With 11 funds, the ability to transition quickly and seamlessly was critical and Ultimus delivered. They put together a stepped transition strategy that was easy to execute with no noticeable impact to our clients. We’re excited to partner with Ultimus today and we look forward to growing our business with them in the future.”

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About Ultimus Fund Solutions

Ultimus Fund Solutions provides highly customized and comprehensive mutual fund services to small-and medium-sized fund groups. The company offers mutual fund startup and organization services, fund administration, fund accounting, transfer agent and distribution services for both open-end and closed-end funds. Ultimus’ broad range of services are performed by teams of CPAs, attorneys, paralegals and other professionals with a wealth of mutual fund experience.

For more information, visit www.ultimusfundsolutions.com.

About Johnson Investment Counsel

Johnson Investment Counsel has more than $8 billion in assets under management and currently serves clients in 46 states. Through Johnson Private Client Group, Johnson Trust Company, and Johnson Institutional Management, the firm serves individuals and families, corporations, retirement plans, foundations, and endowments.

For more information, visit www.johnsoninv.com.

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