CINCINNATI--(BUSINESS WIRE)--Ultimus Fund Solutions®, LLC (Ultimus®) announced today that it has been chosen to provide comprehensive fund administration services to Chicago, Illinois-based Hedeker Wealth, LLC (Hedeker), as the firm launches its first mutual fund. Hedeker is a registered investment advisory firm that specializes in asset management services for individuals, families, and institutional investors. The Hedeker Strategic Appreciation Fund (the “Fund”) is designed to help bring Hedeker’s separately managed account’s (SMA) strategy to a broader market.
With an already established SMA business, Hedeker will launch its mutual fund product through the Capitol Series Trust (CST), one of four series trusts serviced by Ultimus. As part of the series trust offering, Ultimus will provide the Fund with fund accounting, administration, distribution strategy, transfer agent, and shareholder services. Hedeker selected Ultimus based on the firm’s outstanding reputation and its knowledgeable approach to launching a mutual fund.
“Hedeker recognized that adding a mutual fund product to their overall offering made a whole lot of sense for the firm and its clients. Now they can make their convertible bond strategy available to a broader audience,” said Bob Dorsey, CEO and Managing Director of Ultimus. “We are proud to partner with a quality firm like Hedeker whose strengths are their people, customized care, and personal touch in providing professional services. We are excited for the opportunity to serve their clients and continue providing them with the same high quality, high touch service that they are accustomed to receiving from Hedeker.”
“The Hedeker team is very excited to make available to the general investing public an investment strategy that has historically only been available to large institutional investors,” said Michael McClain, CFA Portfolio Manager. “Selecting a Fund Administrator for our convertible bond fund was easy, we went with the best-in-class which is Ultimus.”
About Ultimus Fund Solutions
Ultimus Fund Solutions provides highly customized and comprehensive middle and back office services to midsize and smaller investment advisors. Ultimus offers service solutions for mutual funds, including fund organization, fund administration, fund accounting, transfer agent and distribution services for both open- and closed-end funds, plus turnkey solutions for collective investment trusts.
Ultimus’ middle office service solution for separately managed accounts and private funds encompasses managing the technology infrastructure and operations to manufacture the data, enabling delivery of detailed reporting to advisors, investors, and regulators. Ultimus’ comprehensive services are performed by teams of accountants, attorneys, paralegals and other professionals with a wealth of financial services experience. For more information, visit www.ultimusfundsolutions.com.