Eagle Investment Systems says US Bancorp Fund Services (USBFS), a full service provider of mutual fund and alternative investment administration services in the US domestic market, has licensed technology from Eagle Investment Systems to enhance its fund administration platform.
Eagle says USBFS selected its system for its scalable platform, and its reporting and information delivery capabilities, following an extensive search. Using Eagle PACE and Eagle Portal will provide USBFS clients with web-based reporting. USBFS also bought Eagle Reference Manager to provide securities data validation and exception workflow.
USBFS is implementing the Eagle solutions to “provide world class customer service on a proven platform,” says Joe Neuberger, senior vice president and manager of USBFS fund administration and alternative investment services departments. “By investing in new technology and improving delivery, we have a new competitive edge,” he says. “Our strength is a direct result of our dedication to meet client needs promptly and provide the level of detail they require.”
“More and more financial firms like USBFS are leveraging the power of Eagles data-centric platform to enhance their client services capabilities,” says David Palten, Eagle president and CEO. “By implementing leading-edge technology at USBFS, Eagle is positioning USBFS to meet its clients diverse demands while accommodating continued business growth.”
USBFS offers mutual fund clients financial reporting, compliance, board reporting, SEC filings, tax reporting, performance reporting, and financial analysis. Headquartered in Milwaukee since 1969, it currently services more than 240 fund families, with over 900 portfolios and 1,300 fund classes and administers 2.6 million shareholder accounts with $204 billion in client assets. Clients include mutual funds, investment partnerships, hedge funds, separately managed accounts, fund-of-funds, and offshore funds. It is a subsidiary of U.S. Bancorp, the 6th largest financial services holding company in the United States with assets of $195 billion.