Huntington Asset Services, a leading provider of fund administration and accounting, distribution, and transfer agency services, has been selected by TEAM Financial Asset Management, Inc. to administer the advisor's first mutual fund offering, TEAM Asset Strategy Fund (TEAMX). Huntington Asset Services, formerly Unified Fund Services, is a subsidiary of Huntington Bancshares, Inc., which provides custody services through its Huntington Bank subsidiary.
"The fund will be serviced through Huntington Asset Services' Valued Advisers Trust, which provides investment advisors a platform to quickly launch a mutual fund while meeting all regulatory requirements and offering a full range of customer service support," explained Brian L. Blomquist, president of Huntington Asset Services and Huntington Bank senior vice president.
"The Valued Advisors Trust can facilitate multiple funds, offering advisors the economies of scale of an existing mutual fund trust while retaining the full autonomy of the individual fund," said Blomquist. "TEAM Financial is a seasoned investment firm with an excellent reputation. We are glad to be adding value for TEAM Financial by providing a customized solution for what we believe will be a successful investment offering for the firm."
James Dailey, chief investment officer for TEAM Financial and co-manager of the newly created fund, said "Huntington Asset Services' long track record and mutual fund service solutions provided the best option to bring TEAMX to market. The opportunity to work within Huntington Asset Services' turnkey solution to bring our first fund to market proved unbeatable."
"We want to offer our investment customers the advantage of our strategic insight through a proprietary fund, without the headache of managing fund logistics. By offering TEAMX through Huntington Asset Services' Valued Advisers Trust, we got exactly what we wanted," Dailey said.
Unified Fund Services is now a member of the Small Funds Network. The Small Funds Network is a new, innovative service created to bring together leading third-party providers, consultants and small mutual fund company executives to inform, educate and accelerate the sharing of critical information so they can make better informed decisions. SFN links executives with vital information and industry intelligence, without spending the money and time it takes to attend trade shows and conferences.
Unified Fund Services will host a webinar on August 3, 2010 at 1:00 pm eastern on the use of social media by advisors and mutual funds. The webinar will feature panelists representing marketing, technology and compliance. More information will be provided by your Relationship Manager or you may contact Jeff Young at 317-917-7031 or jeffrey.young@ufsonline.com. We look forward to your participation.
Unified Fund Services announced that it will host a client conference in Indianapolis September 12-13, 2010. The conference will feature a number of speakers and panel discussions covering such topics as leveraging platform distribution opportunities, media relations, social media, new compliance rules and audit requirements. More information will be forthcoming.
This one-hour interactive webinar will cover the SEC’s New Custody rule, which became effective in March. The webinar will include definitions of and types of custody and “remedies” to custody, including surprise examinations and the use of qualified custodians.
The webinar will begin at 1:00 pm Eastern on May 11, 2010.
Please contact your Relationship Manager or Business Development Officer for registration instructions.
Unified Fund Services, Inc., a wholly owned subsidiary of Huntington Bancshares Incorporated since 2006, has appointed Jeff Young as senior vice president of relationship management for the company.
"Jeff's expertise in both the mutual fund servicing and investment advisory arena will benefit both our clients and our colleagues. He brings more than 20 years of financial services experience to our service platform," said Brian Blomquist, president of Unified Fund Services.
Founded in Indianapolis in 1952, Unified's turnkey services include mutual fund accounting, administration, transfer agency, compliance support, distribution and custody services.
In his role, Young and his team will continue to support Unified's clients to ensure quality service delivery, while also leading initiatives designed to further strengthen Unified's position in the industry.
Prior to joining Unified in 2010, Young was managing director and Chief Operating Officer of WealthStone, Inc., a Columbus-based wealth management firm. Before joining WealthStone, he spent nearly 14 years with BISYS Fund Services, where he held a number of executive positions, including Senior Vice President of Client Services. Young received both his Bachelor's degree and MBA from Ohio University and is a member of the university's Finance Advisory Council. He has served on a number of mutual fund boards and holds his Series 7 and 24 securities licenses.
COLUMBUS, Ohio – Unified Fund Services, Inc., a wholly owned subsidiary of Huntington Bancshares Incorporated since 2006, has appointed Brian Blomquist as president of the company. Blomquist has led the Trust Operations and Institutional Custody group of Huntington National Bank for the past two years.
“An outstanding executive and leader, Brian will commit his expertise and vision to building upon Unified’s strengths,” said Daniel B. Benhase, Huntington senior executive vice president and director of the Private Financial Group.
Founded in Indianapolis in 1952, Unified’s turnkey services include mutual fund accounting, administration, transfer agency, compliance support, distribution and custody services.
“Unified Fund Services is an outstanding organization that I’ve known and worked with for many years, and I’m proud to be leading such an excellent team,” said Blomquist. “We will continue to invest in our technology infrastructure and work to grow our business, while enhancing the quality, depth and breadth of our services."
Prior to joining Huntington in 2008, Blomquist managed his own consulting business focused on assisting institutions with bank mergers and acquisitions. Previously, he spent 15 years as the Executive Vice President of The Lindner Funds, a former St. Louis-based mutual fund family. Blomquist earned his Bachelor of Arts degree in Accounting at Kentucky Wesleyan College and pursued his MBA at Southern Illinois University, Edwardsville. While at Lindner, he served on the Board of Governors of the Mutual Fund Educational Alliance and as President of the 100% No-Load Mutual Fund Council.
About Huntington
Huntington Bancshares Incorporated is a $52 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has been providing a full range of financial services including checking, loans, savings, insurance and investment services to customers for 144 years. Huntington has more than 600 banking offices across six states. Huntington also offers retail and commercial financial services online at huntington.com; through its telephone bank; and through its network of over 1,300 ATMs.
TEAM Financial Asset Management launched its first fund, TEAM Asset Strategy Fund, in the Unified's series trust, the Valued Advisers Trust. TEAM is based in Harrisburg, Pennsylvania and has been managing assets for high-net-worth individuals since 1994.
TEAM Asset Strategy Fund
Unified's Compliance Department launched its quarterly advisor training webinars with its initial session in November. The webinars will cover a variety of topics. Unified will use these sessions to assist advisors in keeping abreast of new regulatory developments as well as general industry information and trends.
Unified has been the mutual fund family's transfer agent since 2002, and in 2006 the Unified companies became wholly-owned subsidiaries of Huntington Bancshares.
"Our relationship with The Huntington Funds is an ideal marriage of common cultures which are committed to providing 'simply the best' service and value-added solutions," says Melissa Gallagher, president of Unified Financial Securities.
"Unified's business model emphasizes employing the best people, and providing quality products and services; which leads to client satisfaction and client loyalty. We seek long term business partnerships. The opportunity to expand our relationship with The Huntington Funds is an excellent example of our success in implementing our business strategy and further demonstrates Unified's ability to service larger, more well-established funds."
The Huntington Funds consist of 32 portfolios and approximately USD4bn in assets.
"We have worked with Unified for many years as a strategic partner for our transfer agency services and our experience has consistently been very positive," says Randy Bateman, president of The Huntington Funds. "We are proud to expand our relationship with them as sub-administrator and distributor as we feel their expertise will be integral in our efforts to expand our fund family and grow assets."
Founded in 1952, Unified formed the first Indiana-based mutual fund in 1963. It has been providing start-up and ongoing support for mutual funds for over 45 years. Unified's turnkey services include mutual fund accounting, administration, transfer agency and distribution services for third parties.
Unified is pleased to announce that The Golub Group launched the Golub Group Equity Fund in the Valued Advisers Trust on April 1. The Fund is designed as a vehicle for The Golub Group to be able to capture smaller client accounts and support the firms future growth. The Golub Group is located in San Mateo, California.
The Golub Group
Unified is proud to announce that the RiverNorth Core Opportunity Fund smoothly converted to Unified on October 1, 2008. The fund had $136 million in assets at the time of conversion and invests primarily in closed-end funds, ETFs and other open ended mutual funds. The Advisor, RiverNorth Capital Management Inc. is located in Chicago, Illinois.
www.rivernorthfunds.com
Unified launched the Valued Advisers Trust on November 1, 2008 as a result of the success of its initial series trust. Unified is excited to offer this trust as a solution to adivsors who are looking to create mutual funds and are interested in being part of an existing trust to simplify their entry into the fund industry.
Unified is proud to announce the addition of the Jones Villalta Opportunity Fund to the Unified Series Trust on December 16, 2008. The fund focuses on investing in mid to large cap equity funds. Jones Villalta Asset Management, Inc. is located in Austin, Texas
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