Bringing you live news and features since 2006 

Mutual funds

Jonson selects Ultimus Fund Solutions to provide fund accounting services for 11 mutual funds

RELATED TOPICS​

Cincinnati based Johnson Investment Counsel (Johnson) has selected Ultimus Fund Solutions to provide fund accounting services for the firm’s family of mutual funds. 

Johnson, which previously handled its entire fund accounting in-house, made the decision to partner with an outside expert as its business continued to evolve and the regulatory and operational landscape grew increasingly complex. Ultimus will perform accounting and pricing for the firm’s 11 mutual funds –which includes equity, fixed income, international, and realty funds. Johnson’s decision to partner with Ultimus reinforces the ongoing operational outsourcing trend as managers look to focus internal resources on core business functions.

“We’re seeing more investment managers use outsourcing as a viable approach to keep up with constantly changing technology and regulatory environment, while maximising internal resources,” says Bob Dorsey, Co-Founder and Managing Director at Ultimus. “We provide the technology, the people and the expertise so firms can focus on managing money and servicing clients, not operations. Johnson Investment Counsel has been around for 50 years and has an excellent reputation, and we’re happy to partner with them for the next step in their growth.”

Johnson Investment Counsel has more than $8 billion in assets under management, and launched its first mutual funds almost 20 years ago.

“Our firm has had a tremendous amount of success over the years, but as we started evaluating the best way to handle the continued growth, we decided to blend in-house solutions with key outsourced partners such as Ultimus,” says Jason Jackman, President and Chief Investment Officer of Johnson Investment Counsel. “With 11 funds, the ability to transition quickly and seamlessly was critical and Ultimus delivered. They put together a stepped transition strategy that was easy to execute with no noticeable impact to our clients. We’re excited to partner with Ultimus today and we look forward to growing our business with them in the future.”

Latest News

Raymond James Investment Management plans to launch an ETF product platform in 2025 to support strong client demand in alignment..
Aniket Ullal, Director of ETF Data and Research at CFRA Research, has written a note looking at ETFs with exposure..
Tradeweb reports the following data derived from trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms...
iShares writes that its assets under management have reached USD4 trillion. The firm says this comes off the back of..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by