Support variable insurance trust (VIT) structures with coordinated accounting, servicing, and compliance.
Variable Insurance Trusts
Variable insurance trust fund administration
Operate funds within VIT structures
VITs support investment options offered through insurance products such as variable annuities and life policies. To leverage VIT structures, you need to align fund operations with insurance carrier requirements, regulatory oversight, and investor servicing expectations. Ultimus supports VITs through coordinated fund administration, accounting, transfer agency, and compliance processes designed for registered fund environments.
Draw on extensive experience in complex fund administration
Align fund operations with insurance platform requirements
Pair deep Investment Company Act of 1940 ('40 Act) servicing capabilities with VIT-specific services aligned to the requirements of insurance carriers and intermediary platforms, supported by a structured operating model that coordinates fund activity, reporting, compliance, and servicing.
Maintain governance and regulatory oversight
VITs operate under registered fund frameworks with additional oversight expectations. Our established governance and compliance processes support transparency and ongoing regulatory alignment.
Support investor servicing through insurance channels
Investor servicing is delivered through insurance products and intermediaries. Leverage coordinated workflows to support communication, recordkeeping, and reporting across platforms.
Operate with consistent accounting and reporting processes
Fund accounting, NAV calculations, and financial reporting must remain accurate across complex structures. Integrated processes support reliable data and operational continuity.
Services and solutions
Transfer agency
Process omnibus transactions from insurance separate accounts, maintain recordkeeping, and coordinate with carriers and intermediaries serving variable annuity and life policy contract holders.
Fund accounting
Calculate daily NAVs, post trades, accrue expenses, and reconcile positions and cash across VIT portfolios with controls supporting accuracy, transparency, and audit readiness.
Regulatory administration
Support SEC filings including N-CEN, N-PORT, N-CSR, and Form N-1A updates aligned to VIT registered fund requirements and timelines and insurance regulatory oversight.
Tax services
Support RIC qualification, Section 817(h) diversification monitoring, fiscal year-end distribution requirements and calculations, and coordination with your auditors and tax advisors.
Statutory distribution
Coordinate share distribution through insurance separate accounts and carrier platforms, with oversight workflows tailored to the specific VIT distribution structure.
Financial administration
Prepare financial statements, expense budgets, and board materials with disciplined processes supporting VIT audit readiness, regulatory compliance, and the accelerated reporting timelines insurance platforms expect.
Compliance and outsourced CCO
Leverage outsourced CCO support, ’40 Act compliance testing, Section 817(h) oversight, policy administration, and board-ready reporting aligned to VIT regulatory expectations.
Benefits of working with Ultimus
Operate within insurance distribution structures with confidence
Align fund operations with insurance platform requirements while maintaining control, oversight, and operational consistency.
Maintain regulatory alignment across fund operations
Support governance, compliance, and reporting requirements designed for registered fund environments.
Deliver consistent investor experiences
Provide reliable servicing and communication across insurance channels and intermediaries.
Scale operations as assets and distribution expand
Expand fund structures, investor participation, and platform relationships without rebuilding your operating model.
Frequently asked questions
What is a variable insurance trust (VIT)?
A VIT is a registered investment company organized under the Investment Company Act of 1940 (‘40 Act) whose shares are sold exclusively to insurance company separate accounts that fund variable annuity and variable life insurance contracts, rather than directly to the retail public.
How is shareholder servicing handled when contract holders are not direct shareholders?
Transfer agency for a VIT is structured around omnibus relationships with insurance separate accounts. Ultimus processes aggregated omnibus activity provided by carriers, maintains carrier-facing recordkeeping, and coordinates with carriers and intermediaries that service the underlying contract holders.
What services does Ultimus provide for a VIT?
Ultimus delivers transfer agency, fund accounting, regulatory administration, tax services, including regulated investment company (RIC) and 817(h) support, statutory distribution coordination, financial administration, and compliance, all aligned to VIT registered fund and insurance regulatory requirements.
Can Ultimus support both new VIT launches and existing trusts?
Yes. Ultimus supports new VIT formation, including coordination with sponsoring insurance carriers and SEC registration, as well as conversions and ongoing administration for established VITs that need to transition or supplement their current service provider arrangements.