James Investment Research
has ended its relationship
with JPMorgan Fund Services
and hired ALPS Fund Services
. ALPS is the new transfer agent and provider of accounting and administration
services for Dayton, Ohio-based James, which runs five mutual funds with total AUM of $750 million.
The switch became complete on March 22.
"Their technology was what sold us mainly," said Brian Culpepper
vice president, in an interview with The MFWire
. "They also have
a great industry reputation."
"Our board felt that ALPS can give us the best ability to grow," he said.
James had been a legacy client of Integrated Investment Services, which
JPMorgan acquired in 2007.
James sent out an RFP last December, heard back from
five providers and narrowed the list to three finalists. Besides ALPS, the
other finalists were JPMorgan and Unified Fund Services.
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