Ultimus Fund Solutions Chosen by Walthausen Funds to Provide Fund Services,
Firm to Leverage Ultimus’ Expertise for Continued Growth in Complex Operational Landscape
CINCINNATI, OHIO – SEPTEMBER 3, 2015 – Ultimus Fund Solutions, LLC (Ultimus) announced today that it has been chosen to provide fund accounting, transfer agent and Blue Sky services for Walthausen & Co.’s (Walthausen), two mutual funds, which exceed $785 million in net assets. Walthausen, a Malta, New York based firm with nearly $1.4 billion in assets under management, is partnering with Ultimus to leverage industry leading technology and experienced mutual fund professionals as it pursues fund growth. This is the latest in a series of wins for Ultimus, validating the firm’s position as a leader in the mutual fund accounting and transfer agency space.
“We continue to see successful and growing investment managers evaluating their service providers in order to make sure they are keeping up with the constantly evolving fund industry,” said Bob Dorsey, Co-Founder and Managing Director at Ultimus. “We provide the latest technology, proven processes, and professional people with industry expertise so firms like Walthausen can focus on managing money and servicing clients, not dealing with operational issues. We are delighted to partner with Walthausen as they prepare for the next step in their growth.”
Walthausen, founded in 2007, launched its Small Cap Value Fund in 2008, which currently has over $700 million in net assets, and launched its Select Value Fund in December 2010, which has over $85 million in net assets.
“Our firm had successfully grown assets since the inception of the Funds, but we began evaluating whether we could find a fund accountant and transfer agent that had enhanced technology solutions and greater depth in personnel resources,” said Mark Hodge, Managing Director and Chief Compliance Officer of Walthausen & Co. “We believe we have found that in partnering with Ultimus. They were able to convert our Funds to their systems with no impact to our shareholders and are meeting the goals we set out in partnering with them. We look forward to growing our business with them.”
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.
For more information about Walthausen & Co., LLC, please visit www.walthausenco.com.