From fund launch through ongoing administration and investor servicing, we offer guidance and robust support for retail alternatives.
Retail Alternative Funds
Consultative guidance and end-to-end support for all retail alternative fund structures
Master complexity across retail alternative structures
Ultimus delivers end-to-end fund administration and transfer agency services designed for the operational complexities of retail alternatives. With our service-led model, you get unmatched consultative guidance to navigate structuring, SEC registration, fund formation, launch, and distribution across every major retail alternative wrapper.
Our approach to retail alternative fund administration is built around you, pairing industry-leading subject matter experience and a comprehensive technology ecosystem to bring novel, complex products to market.
Services and solutions
Transfer agent and investor servicing
Access comprehensive investor services and seamless recordkeeping for retail alternative structures through our contact center, Ultimus ConnectTM digital portals, and integrated compliance and tax reporting services, delivered with the responsiveness your shareholders, intermediaries, and distribution partners expect.
Fund accounting
Leverage our straight-through and exception-based processing to power accurate, timely fund accounting and NAV calculation, supported by a robust control environment and the operational rigor your board and shareholders rely on across all asset classes and structures.
Fund administration
Our teams manage the preparation and coordination of quarterly 10-Q and annual 10-K filings for business development companies (BDCs), real estate investment trusts (REITs), and Securities Exchange Act of 1934 (‘34 Act) registered private funds as well as N-CSR, N-PORT, and N-CEN filings for interval and tender offer funds, delivering accurate and timely filings that align with SEC deadlines and disclosure standards.
Statutory distribution
Leverage proven oversight with technology-driven support for statutory distribution, including FINRA advertising review, order approval, authorized participants (AP) agreement execution, registered representative oversight, and consultative guidance through the Ultimus Distribution Advantage (UDA) program.
Legal and board support
Coordinate board materials, meeting logistics, governance documentation, and regulatory filings with strict controls, all prepared to the standards expected of today's retail alternative fund boards, trustees, and independent directors.
Compliance testing for ’40 Act and RIC
Execute Investment Company Act of 1940 (‘40 Act) and Regulated Investment Company (RIC) compliance testing across bespoke prospectus and SAI requirements, and ongoing portfolio diversification and income tests.
Outsourced CCO
Provide independent compliance leadership and oversight through outsourced CCO services, including program design, regulatory monitoring, board reporting, and ongoing testing aligned to federal securities law requirements and fund governance standards.
Connect your fund to the channels driving retail alternatives demand
Ultimus Gateway™ delivers a turnkey launch path for interval and tender offer funds, combining trust governance and fund administration in one framework. Advisors gain a faster route to market and a coordinated operating model across board oversight, compliance, and day-to-day administration.
Specialized fund solutions
Interval and tender offer funds
Operate, launch, and expand interval and tender offer funds. With Ultimus, you get end-to-end lifecycle support from specialists who understand periodic liquidity, repurchase mechanics, valuation, and the board oversight these structures demand.
BDCs and REITs
BDCs and REITs give your investors access to private credit and real estate investments through exchange-traded, non-traded, and private structures. To support the complexities of BDCs, we offer specialized transfer agency, fund accounting, financial reporting, 1099 tax reporting, and 10-Q, 10-K, and 8-K filing support.
‘34 Act registered private funds
These semi-liquid, evergreen vehicles give high-net-worth and institutional investors access to diverse investment strategies. Among other fund services, we offer transfer agency, partnership accounting, K-1 support, class-level fee tracking, and comprehensive end-to-end support of quarterly reports on Form 10-Q and annual reports on Form 10-K, including XBRL tagging.
Frequently asked questions
Can you support a new retail alternative fund launch?
Yes. We partner with you from strategy and product development through SEC filing, launch, and ongoing operations, coordinating with your legal, audit, tax, and distribution partners, and delivering the fund administration, fund accounting, transfer agency, and compliance infrastructure you need to bring a new interval or tender offer fund, business development company (BDC), real estate investment trust (REIT), or Securities Exchange Act of 1934 (‘34 Act) registered private fund to market with confidence.
Can you support a fund launching within a series trust?
Yes. You can launch your interval or tender offer fund through Ultimus Gateway, our comprehensive operating platform purpose-built to bring registered, interval and tender offer funds to market. Gateway gives you access to an established board with deep Investment Company Act of 1940 (’40 Act) alternative fund experience, a governance framework, pre-vetted relationships with law firms, auditors, and custodians, and a shared operating cost infrastructure.
Do you connect with the fintech platforms and wirehouses our investors use?
Yes. We connect with the alternative investment platforms, wirehouse distribution channels, and intermediary custodians your retail investors rely on, supporting subscription document handoff, AML and KYC review, capital activity, and statement and tax form delivery. Our integration model meets your distribution partners where they are, so your fund operates cleanly across the rails your investors and advisors already use.
How do you support fund boards and CCOs?
You get a dedicated team that prepares board materials, supports Rule 38a-1 compliance programs, coordinates regulatory filings, and provides ongoing reporting tailored to the standards your board expects. We work hand in hand with your CCO and independent trustees to keep your fund in good standing across every cycle.
How do you handle tax and distributions for retail alternative funds?
We manage the full tax lifecycle, including regulated investment company (RIC) and REIT qualification testing, 855 and excise tax provisions, year-end distribution calculation and oversight (including estimates), 1099 reporting, and shareholder tax communications. You get close coordination with your auditors and tax advisors throughout the year, not just at year-end.