Ultimus Fund Solutions has announced plans to offer comprehensive fund administration services to Indiana-based Canterbury Investment Management as the latter rolls out its first mutual fund.
Ultimus said that the new Canterbury Portfolio Thermostat Fund has been launched through Ultimus’ Capitol Series Trust (CST), and will expand Canterbury’s portfolio and risk management capabilities.
As part of CST, Ultimus will offer the Fund a range of services such as fund accounting, administration, distribution, transfer agent as well as shareholder services.
Ultimus V.P., director of relationship management Jeff Young said: “Canterbury is a perfect fit for our series trust platform – the firm has an established investment strategy supported by a strong investment team. However, they needed a partner that could assist with product design and also help manage the selling agreement process with the distribution platforms. We knew we could help them focus in on that area.”
Canterbury focuses on offering ETF management solutions to financial advisors, institutional investors, and retirement professionals.
Canterbury managing director and CIO Tom Hardin said: “During our initial meetings, we realized that Ultimus had expertise and depth in fund design and distribution, making them the clear choice to help us launch our first fund. We are very excited about the launch and very pleased with the consultative approach taken by Ultimus throughout the process.”