CINCINNATI--(BUSINESS WIRE)--Ultimus Fund Solutions®, LLC (Ultimus®) announced today that it will provide comprehensive fund administration services to Indiana-based Canterbury Investment Management (Canterbury) as the firm launches its first mutual fund. Canterbury is a SEC-registered investment advisor firm specializing in providing financial advisors, institutional investors, and retirement professionals with ETF management solutions.
The Canterbury Portfolio Thermostat Fund (the “Fund”), which launched through the Capitol Series Trust (CST), will bring Canterbury’s portfolio and risk management capabilities to a broader market. The Fund brings Ultimus’ series trust platform, which includes four separate trusts, to 57 funds managed by 38 advisors, as Ultimus continues to expand its role in the series trust market.
As part of CST, Ultimus will provide the Fund with a full suite of fund services including: fund accounting, administration, distribution, transfer agent and shareholder services. Canterbury sought a service provider that had a successful track record of bringing funds to the market and could provide them with comprehensive product design and distribution support for their Fund.
“Canterbury is a perfect fit for our series trust platform - the firm has an established investment strategy supported by a strong investment team. However, they needed a partner that could assist with product design and also help manage the selling agreement process with the distribution platforms. We knew we could help them focus in on that area,” said Jeff Young, V.P., Director of Relationship Management at Ultimus.
“During our initial meetings, we realized that Ultimus had expertise and depth in fund design and distribution, making them the clear choice to help us launch our first fund. We are very excited about the launch and very pleased with the consultative approach taken by Ultimus throughout the process,” said Tom Hardin, Managing Director & CIO at Canterbury. “The professionals at Ultimus have been very supportive in helping us to understand the marketplace as we worked through product design and development. Ultimus moved at our pace and made us feel comfortable with our selection. They have been a great partner thus far and we are very excited to have them with us as we bring our philosophy and strategy to mutual fund investors.”
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 is performed by teams of accountants, attorneys, paralegals and other professionals with a wealth of mutual fund experience. For more information, visit www.ultimusfundsolutions.com.
About Canterbury Investment Management
Canterbury Investment Management’s philosophy is built upon the premise that with the recent breakthroughs in technology, there is a potential to profit from virtually any market environment – bull or bear. It holds that to be successful in volatile markets, however, a dynamic and systematic portfolio management process is needed to manage risk.
