Bringing you live news and features since 2006 

Ultimus Jeff Young

Ultimus Fund Solutions to provide fund admin for Canterbury’s first mutual fund


Ultimus Fund Solutions is to provide fund administration services to Indiana-based Canterbury Investment Management as the firm launches its first mutual fund.

Canterbury is a SEC-registered investment adviser firm specialising in providing financial advisers, institutional investors and retirement professionals with ETF management solutions.
The Canterbury Portfolio Thermostat Fund, which launched through the Capitol Series Trust (CST), will bring Canterbury’s portfolio and risk management capabilities to a broader market.
The fund brings Ultimus’ series trust platform, which includes four separate trusts, to 57 funds managed by 38 advisers, as Ultimus continues to expand its role in the series trust market.
As part of CST, Ultimus will provide the fund with a full suite of fund services including fund accounting, administration, distribution, transfer agent and shareholder services.
“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,” says Jeff Young, VP director of relationship management at Ultimus.
“During our initial meetings, we realised 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,” says Tom Hardin, managing director and chief investment officer at Canterbury. “The professionals at Ultimus have been very supportive in helping us to understand the marketplace as we worked through product design and development. Ultimus moved at our pace and made us feel comfortable with our selection. They have been a great partner thus far and we are very excited to have them with us as we bring our philosophy and strategy to mutual fund investors.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
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