Pear Tree Advisors has selected UMB Fund Services to provide fund accounting, tax preparation and reporting, and global custody services – offered through UMB Bank’s Institutional Custody division – for Pear Tree Funds, managed by Pear Tree Advisors.
UMB will deliver top-tier fund accounting and custodial solutions for Pear Tree’s mutual funds with a high-touch service model.
In 1985, the first Pear Tree mutual fund was launched. Pear Tree Funds currently consists of six mutual funds. UMB will service all six funds, including two domestic funds (large and small cap), and four international funds (small cap, emerging markets and two multi caps).
“The Pear Tree fund family continues to grow, and we needed a fund accountant and custodian that can provide unwavering support for our current and future needs,” says Diane Hunt, controller, Pear Tree Advisors. “UMB’s well-rounded fund accounting and custodial expertise is only outdone by the firm’s high-touch service, giving us peace of mind and allowing us to stay focused on the needs of our own clients.”
In addition to UMB’s award-winning client service, the group’s in-house tax and regulatory expertise will aid in preparation, compliance and reporting for the funds. Additionally, UMB Institutional Custody’s technology platforms will help deliver proactive service for trade settlement, corporate actions, and other movements in Pear Tree Funds’ portfolio.
“We are pleased to provide a suite of fund and custody services for Pear Tree Funds,” says Maureen Quill, executive vice president and executive director of registered funds and UMB Fund Services. “This partnership showcases our team’s dedication to providing unparalleled client service and providing solutions that address all of our clients’ needs.”