Ultimus Fund Solutions has been chosen to provide fund accounting and financial reporting services for Praxis Mutual Funds.
Praxis currently offers eight mutual funds with over USD1 billion in net assets.
Praxis, managed by Everence Capital Management, is partnering with Ultimus to leverage experienced mutual fund professionals for customised services as the firm continues to broaden its market.
Praxis Mutual Funds is specialises in integrating values and positive impact investing strategies for investors. Through strategies such as values-based screening, integrated environmental, social and governance factors, positive-impact bonds, corporate engagement, proxy voting and community development investments, Praxis offers opportunities for investors to make a positive impact on the environment and community.
The funds are available in a variety of strategies, such as domestic and international equity and fixed income, as well as three risk-targeted fund-of-funds.
Praxis Mutual Funds are offered by Everence Financial.
“We continue to see successful investment managers evaluating their service providers in order to make sure they are staying ahead in this competitive and constantly evolving fund industry,” says Mark Seger (pictured), president and managing director at Ultimus. “We provide flexible, customised services by experienced professionals with the latest technology and proven processes so firms like Everence can focus on managing money and growing and servicing clients. We are delighted to partner with Everence and Praxis as they continue to broaden their market base.”
“Our firm had successfully grown assets since the inception of Praxis Mutual Funds, but we began evaluating whether we could find a service provider that would be a business partner offering customisable solutions for us,” says Chad Horning, president of Praxis Mutual Funds. “We believe we have found that in partnering with Ultimus. They were able to convert our funds to their systems with no impact to our shareholders and are meeting the customisation goals we set out in partnering with them. We look forward to growing our business relationship with them.”
