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Mutual funds

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


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.”

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