Forum Financial Group, the Portland, Maine based service provider for mutual funds, hedge funds and other pooled investment vehicles, has recently added new funds to its client relationship with Wells Fargo Institutional Trust. Forum will be servicing two new funds, bringing the total relationship to 75 funds.
Jay Kiedrowski, Executive Vice President of Wells Fargo Bank Institutional Trust, commented, “Forum has provided excellent fund accounting services for the Wells Fargo Institutional Trust’s securities lending pools and unitized retirement accounts. We at Wells Fargo are confident that Forum will continue to deliver top quality service as our business continues to grow.”
The new Forum-serviced funds include both the 14th securities lending pool account and the 61st 401(k) unitized fund. Collectively, the funds have assets of $15.5 billion. Forum continues to expand and diversify its client base, with 15 new clients added since the beginning of 2002.
David Goldstein, Forum’s Director of Business Development, observed, “Forum is appreciative of the trust that Wells Fargo has placed in us by allowing us to expand the level of service offered to Wells Fargo Institutional Trust, even as we prepare to relinquish the servicing for the Wells Fargo Mutual Funds in 2003.” We are gratified to know that Wells Fargo Institutional Trust will continue to work with Forum to expand its business.”