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Rating:Ultimus Sherpas a New Mutual Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 18, 2013

Ultimus Sherpas a New Mutual Fund

Reported by Tommy Fernandez

Ultimus Fund Solutions is helping a new firm tackle Mount Mutual.

The fund service provider has taken on Wilbanks Smith & Thomas Asset Manager and the firm's recently launched U.S. Equity Fund.

WST filed to launch the fund in September. According to the SEC filing, the fund seek long-term capital appreciation, while maintaining a secondary emphasis on generating income.

The product will cover the WST Asset Manager – US Equity Index which is a custom public index published by Bloomberg and calculated by S&P Dow Jones Indices. The WSTE Index was created by WST and is currently managed by WST.

"We are very pleased that WST chose to launch its fund with Ultimus as its service provider,” stated Bob Dorsey, managing director of Ultimus, “WST is managed by experienced professionals and they needed a business partner that provided equally professional, high quality services with exceptional attention to detail and expert handling.” 

Founded in 1990, Wilbanks Smith & Thomas Asset Management $2 billion asset manager based in Norfolk, Virgnia.

The fund is distributed by Ultimus Fund Distributors, LLC.

Ultimus, headquartered in Cincinnati, Ohio, currently services 29 clients nationwide that have 68 funds and approximately $18 billion in assets. 

Here is the press release:
Company Press Release

Ultimus Announces Addition of WST Asset Manager – U.S. Equity Fund



CINCINNATI—Ultimus Fund Solutions, LLC (Ultimus), one of the largest independent providers of mutual fund services to the financial industry, is pleased to welcome Wilbanks Smith & Thomas Asset Manager – U.S. Equity Fund (the “Fund”). Managed by Wilbanks Smith & Thomas Asset Management, LLC(WST), the Fund’s investment objective is to seek long-term capital appreciation, while maintaining a secondary emphasis on generating income. The Fund intends to make investments corresponding to those investments in the WST Asset Manager – US Equity Index which is a custom public index published by Bloomberg and calculated by S&P Dow Jones Indices. The WSTE Index was created by WST and is currently managed by WST.

“We are very pleased that WST chose to launch its fund with Ultimus as its service provider,” said Bob Dorsey, managing director of Ultimus, “WST is managed by experienced professionals and they needed a business partner that provided equally professional, high quality services with exceptional attention to detail and expert handling.” 

 “At WST we’re excited to have the opportunity for our investment strategy to be available in a mutual fund and to have gained a professional partner in Ultimus to service the fund,” said Wayne Wilbanks, principal of WST. “We are grateful for the advice and expert knowledge Ultimus provided in the early stages, assisting with product design and share class structure along with detailed distribution channel analysis.”

  Founded in 1990, Wilbanks Smith & Thomas Asset Management, LLC is an independent asset management firm with top intellectual capital, a disciplined focus and a proven investment record. WST offers strategic investment advice for individual and institutional clients across the United States. Managing portfolios for investors with long-term vision, WST has more than $2 billion in assets under management and is one of the largest independent wealth management firms in Virginia.

  About Ultimus

Ultimus Fund Solutions, LLC is a leading provider of professional services to the mutual fund industry.  Ultimus provides highly personalized and comprehensive mutual fund services to small- and medium-sized fund groups.  Ultimus offers mutual fund startup and organization services, fund administration and distribution, fund accounting and pricing, and transfer agency and shareholder services for both open-end and closed-end funds.  Ultimus, headquartered in Cincinnati, Ohio, currently services 29 clients nationwide that have 68 funds and approximately $18 billion in assets.  For more information, visit www.ultimusfundsolutions.com.

?To request a prospectus, which includes investment objectives, risks, fees, expenses and other information that you should read and consider carefully before investing, please call 1-866-515-4626 or visit www.wstam.com.

?####

WST Asset Manager – U.S. Equity Fund is distributed by Ultimus Fund Distributors, LLC.
 

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