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Friday, September 28, 2012|
FPA Hires a New Distributor for Its $20B Family
UMB Distribution Services is the new distributor for the five FPA Funds managed by First Pacific Advisors. The change was disclosed in five separate SEC filings. [Here, here, here, here, and here.]
First Pacific's own FPA Funds Distributors had been selling the funds, according to earlier filings. UMB, based in Milwaukee, will take over as distributor and underwriter for the five funds effective today, Sept. 28.
An FPA spokesperson told MFWire that UMB has also been named distributor for the FPA International Value fund, which currently holds $14 million in AUM, according to Morningstar.
Back in May, First Pacific announced that it had selected UMB as the transfer agent for the five funds. This new move deepens their relationship.
Neither UMB nor First Pacific provided comment to MFWire on the move.
First Pacific, based in Los Angeles, manages $20.6 billion in AUM across the four equity and one bond funds, according to the company website. The five funds are:
Printed from: MFWire.com/story.asp?s=41435
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