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Mutual funds

Ultimus Fund Solutions to provide mutual fund servicing for BPV family of funds


Knoxville-based BPV Capital Management (BPV) has selected Ultimus Fund Solutions to provide mutual fund servicing for the BPV Family of Funds.

Ultimus will provide the BPV Family of Funds with a broad range of mutual fund services including fund administration and accounting, financial reporting, transfer agent services, and distribution strategy and support. Ultimus was selected in a competitive bid process, as BPV sought a new operational partner to help drive its mutual fund growth strategy. Key factors in the decision process included Ultimus’ deep operational expertise, proactive service model and commitment to transparency.

“We’ve been successful in identifying sub-advisers with unique investment strategies and leveraging our sales and marketing platform to bring those strategies to market,” says Mike West, Senior Partner and CEO of BPV Capital Management. “It’s a model that’s worked for us and we are looking to expand it. But for us to continue to grow we need to be able to focus on what we do best and find great partners who can bring expertise in other areas. We believe Ultimus is that partner in the operational space.”

After launching two new funds in the first quarter of 2014, BPV now has four mutual funds, with a goal of utilising its sub-advisory model to expand its fund family in the near future. “BPV has a proven business model and a strong growth trajectory,” says Bob Dorsey, Co-Founder and Managing Director at Ultimus. “They realise where their strengths are – and more importantly they understand they need to stick to them as they grow. There’s no question that operations has become increasingly complex, but with our depth and expertise in the space, BPV is free to concentrate on serving their clients and scaling their business. We’re proud that they put their confidence in us and we’re excited to partner with such a top-notch firm to help them achieve their full potential.”

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