Ultimus Fund Solutions Chosen by Pinnacle Capital Management Funds Trust to Provide Fund Administration Services
Firm Looks to Leverage Ultimus Expertise for 1789 Growth and Income Fund
CINCINNATI--(BUSINESS WIRE)--Ultimus Fund Solutions, LLC (Ultimus) announced today that it has been selected by Pinnacle Capital Management Funds Trust to provide fund accounting, fund administration and transfer agent services for the Trust’s 1789 Growth and Income Fund. Pinnacle will look to leverage Ultimus’ deep industry expertise as it pursues innovative sales and marketing strategies designed to drive the fund’s growth. This is the latest in a series of wins for Ultimus as the firm continues to establish itself as a leader in the mutual fund administration space.
“They’re looking at some new distribution and partnership strategies and we’re confident our deep experience in the space will help them navigate the process more effectively and efficiently. We look forward to helping them grow the fund and their firm for a long time to come.”
Pinnacle pointed to Ultimus’ distribution expertise, deep industry knowledge and scalable technology solutions as key factors in the selection process. The firm’s ability to partner with Pinnacle on its soon-to-be-announced sales and marketing initiative was also an important factor in the decision.
“Pinnacle has some innovative opportunities for their 1789 Growth and Income Fund and we’re excited to partner with them to make sure they reach their full potential,” said Bob Dorsey, Co-Founder and Managing Director at Ultimus. “They’re looking at some new distribution and partnership strategies and we’re confident our deep experience in the space will help them navigate the process more effectively and efficiently. We look forward to helping them grow the fund and their firm for a long time to come.”
“When we were going through the selection process it was clear that Ultimus has a level of expertise that would be invaluable to us as we look to grow our fund,” Joseph Masella, CEO of Pinnacle Capital Management, LLC said. “We’re exploring some unique sales and marketing opportunities and we believe Ultimus will be of great help to us. We really see them as a strategic partner that can help us through this process and beyond.”
Pinnacle Capital Management is a boutique investment management firm with more than $100 million in AUM as of March 31, 2014. The company specializes in managing equity portfolios.
About Ultimus Fund Solutions
Ultimus Fund Solutions provides highly customized and comprehensive mutual fund services to small-and medium-sized fund groups. The company offers mutual fund startup and organization services, fund administration and distribution, fund accounting and pricing, and transfer agent and shareholder services for both open-end and closed-end funds. Ultimus’ broad range of services are performed by teams of CPAs, attorneys, paralegals and other professionals with a wealth of mutual fund experience.
For more information, visit http://www.ultimusfundsolutions.com/.