September 12, 2018 | Press Release
New offering covers services for wide variety of fund structures
CINCINNATI, OHIO – September 12, 2018 - Ultimus Fund Solutions®, LLC (Ultimus®), one of the largest independent providers of mutual fund, private fund, pooled investment and middle office services, is pleased to announce the completion of the integration and brand transition of Woodfield Fund Administration, LLC (Woodfield), following the acquisition of the private fund administration firm in April 2018. As a result, Ultimus has expanded its offering to include fund administration services for various private fund structures such as private equity, venture capital, real estate and hedge funds.
As a fully integrated firm, Ultimus is able to better leverage technology investments, resources and assets, providing current and prospective clients the opportunity to access a wider range of services from one combined firm with a hallmark of exceptional client service. The integration process, completed in a way to minimize impact to clients, included onboarding employees, upgrading certain core technology applications, rebranding, and mapping out further technology investments over the next year.
“Offering private fund administration services has been a goal of our firm for a few years,” said Gary Tenkman, President and Managing Director of Ultimus. “However, we never wanted to build this product line and service offering from scratch. We sought to acquire a firm with experienced professionals that engage in a client centric culture similar to Ultimus and who also possess deep industry knowledge. Our new colleagues are skilled industry professionals who know the ins and outs of the private fund administration business and we couldn’t be more pleased to have them as part of the Ultimus team.”
Ultimus’ private fund services group, with years of experience, provides a full range of private fund administration solutions which includes accounting, investor services, treasury services, and audit assistance and tax management services to private investment funds.
Ultimus now serves 155 clients and over $80 billion in assets under administration, including clients in both the U.S. and Europe. Headquartered in Cincinnati, Ultimus’ other locations include Columbus, Chicago, Denver and Indianapolis. All Ultimus fund administration service solutions for pooled investments and private funds are performed within the United States.
About Ultimus Fund Solutions, LLC
Ultimus Fund Solutions provides highly customized and comprehensive middle and back office services to investment advisers. Ultimus’ high-quality services include solutions for mutual funds, separately managed accounts, private investment funds and other pooled investment structures.
Our offering comes with a deep commitment to excellence, achieved through our investments in both talent and technology, with constant focus on maintaining our boutique service culture. As a result, Ultimus has stood out as an award-winning, trusted business partner to investment advisers and fund families since 1999.
Ultimus’ comprehensive service solutions are performed by seasoned teams of accountants, attorneys, paralegals, application developers and other professionals with a wealth of financial services experience. For more information, visit www.ultimusfundsolutions.com.