Huge growth in ETF market boosts Ultimus
Number of ETFs serviced has increased nearly 150% in the past two years.
Number of ETFs serviced has increased nearly 150% in the past two years.
Over the past year, the Cincinnati-based fund administrator has acquired over $100 billion in assets under administration from 12 fund manager clients.
The appointment is the latest by Ultimus as it looks to bolster its private equity fund administration unit, Ultimus-Leverpoint.
Ultimus will provide Public Trust with fund accounting and transfer agency services to 12 local government investment pools (LGIP) funds.
While satisfaction in the digital capabilities of transfer agents and fund administrators appear to be at a low, it is paving the way for new entrants to showcase their abilities, according to Ultimus Fund Solutions.