Ultimus Fund Solutions has been chosen to provide fund administration services to New York-based Hudson Valley Investment Advisors, as the firm launches its first mutual fund.
An investment manager with over USD655 million in assets under management, Hudson Valley launched its first mutual fund through the Ultimus Managers Trust (UMT) platform.
With the addition of Hudson Valley, the Ultimus series trust offering now serves 58 funds from 38 advisers.
As part of its series trust offering, Ultimus will provide Hudson Valley with a full suite of fund services including fund accounting, administration, distribution strategy, and transfer agent and shareholder services.
“Hudson Valley has a time-tested investment strategy, and they wanted the same from their service provider. As their fund grows, they’ll have the operational support in place to make it happen,” says Dave Carson (pictured), president of Ultimus Managers Trust. “They are smart people, serving their community with a hands-on approach. And they figured out very early in the process that our service model is similar to theirs. Our goal at Ultimus is to put our clients in a position to succeed, just like the advisers do for their clients. We’re excited to have Hudson Valley join us.”
“We were impressed with how Ultimus handled the launch of our mutual fund, guiding us through the process. They have provided us with a very educational and consultative approach,” says Gus Scacco, chief executive and chief investment officer at Hudson Valley. ”As experienced portfolio managers, we focus on our fundamental investment process which allows us to be competitive against larger firms. Leveraging Ultimus for our mutual fund provides us with a depth and breadth of experience and access to resources we could not achieve alone.”
