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Bob Dorsey, Ultimus

Oak Associates selects Ultimus Fund Solutions to service mutual funds


Oak Associates has selected Ultimus Fund Solutions to provide a full range of services for its suite of seven mutual funds.

Oak Associates, an Akron, Ohio based investment advisor with over USD1.4 billion in assets under management, will gain access to Ultimus’ proactive distribution solutions and benefit from its partnership approach for servicing the Oak Associates advised family of funds.
Oak Associates, founded in 1985, is a US equity investment adviser. The firm provides investment portfolios to foundations, endowments, pension plans, private clients, and mutual fund investors. For the firm’s family of no-load mutual funds, Ultimus will provide a range of services including fund accounting, financial administration, legal/compliance, distribution and transfer agency.
“Finding a partner with a similar cultural fit was a priority in our review process and it ensured a smooth and transparent conversion process,” says Chuck Kiraly, President of Oak Associates Funds. “One of our concerns with changing service providers was the potential impact that it could have on our shareholders. With their partnership approach and focus on the shareholder experience, Ultimus remained proactive throughout the process, meticulously tending to a multitude of details.”
The conversion of fund services includes the following funds: White Oak Select Growth, Pin Oak Equity, Rock Oak Core Growth, River Oak Discovery, Red Oak Technology Select, Black Oak Emerging Technology, and Live Oak Health Sciences.
“We are delighted that Oak Associates chose to move forward with their conversion to Ultimus,” says Bob Dorsey (pictured), CEO and Managing Director at Ultimus. “Working with a firm who upholds the same Midwestern ideals led to an instant, cohesive relationship. We recognized their goals and with several on-site visits, worked very closely to ensure a smooth process. Those visits were valuable to us as well, giving us insights for service opportunities going forward.”

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