James Swaps Out JPMorgan for a Rival Vendor
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Tuesday, May 18, 2010

James Swaps Out JPMorgan for a Rival Vendor

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, first 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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