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UMB Chad Allen

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UMB Fund Services launches electronic subscription agreements

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UMB Fund Services (UMBFS) now offers electronic subscription agreements to alternative investment clients, allowing fund investors to electronically complete, sign and submit subscription agreements for investments in interests of the fund. 

Transitioning the manual paper-based process to an automated online process will be of greatest value to growing alternative funds who are currently adding investors. The service allows investors access to documents directly from the fund manager’s website, accelerating speed to assets under management and improving the investor experience. 

“Today’s technology allows us to obtain completed investment documents in hours instead of days or weeks. More importantly, the investor experience is improved, allowing investors to sign documents anytime, anywhere on any device, giving them a faster, more convenient way to interact with the fund,” says Chad Allen, managing director of alternative investments at UMB Fund Services. 

“Our operational teams continue to stay on top of technology developments that deliver real value to our fund clients and their investors. I am pleased to roll out this new service to our existing alternative investment clients as it will benefit all involved in the subscription process,” says Maureen Quill, Chief Operating Officer of UMB Fund Services. 

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