Ultimus Fund Solutions has been selected as the fund administration service provider for Segall Bryant & Hamill (SBH), a Chicago-based investment firm.
SBH appointed Ultimus to convert the firm’s 17 mutual funds with over $2.5 billion in assets under management and provide services including financial accounting, fund administration, transfer agent, compliance and distribution.
SBH offers fee-based investment strategies through pooled investment vehicles including mutual funds and collective investment trusts (CITs).
SBH Funds’ Jasper Frontz, principal and CCO, said: “Throughout the step-by-step conversion process for these 17 funds, we worked closely with our Ultimus relationship manager and the project conversion team to make sure our shareholders, board members, fund advisers and investors were kept in the loop.”
Frontz continued: “I’ve been impressed with the professionalism and efficiency of the Ultimus teams and pleased with how relatively seamless the fund servicing conversions were executed both from our perspective and that of our shareholders.”
Meanwhile, Ultimus’ CEO, Gary Tenkman, added: “We’re very pleased to be the administrator of choice for SBH. Based on the quality work that we deliver daily to our clients, our responsiveness, and our commitment to technology, we were able to begin a long-term partnership with SBH.”
