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Ultimus Fund Solutions
Ultimus Fund Solutions provides independent fund administration and middle office services for registered, private, and public-plan funds.
Ultimus Fund Solutions
Ultimus Fund Solutions provides fund administration and middle office services to asset managers, fund sponsors, and institutional clients. The firm's headquarters are in Cincinnati, Ohio, and its website lists a range of product structures including mutual funds, exchange-traded funds, interval/tender offer funds, business development companies, and collective investment trusts. Ultimus supports both registered and private fund structures across asset classes such as private equity, venture capital, real estate, hedge funds, and private credit. The firm offers services that include accounting, distribution, financial administration, fund compliance, tax services, and transfer agency. It positions itself as a technology-driven provider with platforms like uCONNECT and uTRANSACT, and has collaborated with Arch to enhance operational efficiency for asset managers (per firm website, 2025). The firm has received multiple industry awards, including ETF Administrator of the Year from Global Custodian (four years running) and Best Mutual Fund Administrator from With Intelligence Fund Operations & Service Awards. In 2025, Ultimus appointed Terri Fiedler to its board of directors and partnered with iCapital to deploy a distributed ledger platform, signaling a focus on technology integration (per firm website, 2025). Ultimus's structural differentiator is its positioning as an independent fund administrator that offers both boutique service and institutional-scale capabilities. The firm does not manage its own balance sheet or invest directly; instead, it provides operational infrastructure for asset managers across fund types.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Cincinnati
Corporate office
Cincinnati, OH, United States
Principals
Terri Fiedler
Board of Directors
Sector focus
Frequently asked questions
Who runs investment decisions at Ultimus Fund Solutions?
Ultimus Fund Solutions is a fund administration provider, not an investment manager. The firm does not make investment decisions; it provides operational services such as accounting, compliance, tax, and transfer agency for asset managers and fund sponsors.
Is Ultimus Fund Solutions structured as a single family office or does it operate more like a service provider?
Ultimus Fund Solutions is not a family office. It is an independent fund administration firm serving asset managers, fund sponsors, and institutional clients across registered and private fund structures. The firm's website lists family office as one client type within its private fund administration segment, but the firm itself is a third-party service provider.
Does Ultimus participate in fund commitments or only provide administrative services?
Ultimus does not commit capital to funds. It operates exclusively as a fund administration and middle-office service provider. Its offerings include accounting, distribution, fund compliance, tax services, transfer agency, and technology platforms like uCONNECT, uTRANSACT, and Ad Review.
What investment stages does Ultimus typically target?
Ultimus does not target investment stages directly. It supports a range of fund structures including mutual funds, exchange-traded funds, interval/tender offer funds, business development companies, collective investment trusts, and private funds (private equity, venture capital, real estate, hedge funds). Its clients may invest across all stages, but the firm itself provides post-inception administration.
Which sectors does Ultimus explicitly avoid?
Ultimus does not publish any explicit sector restrictions. Its client base spans multiple asset classes and fund types, suggesting a generalist posture rather than sector-specific avoidance.
How is Ultimus Fund Solutions related to The Ultimus Group, LLC?
The Ultimus Group, LLC is the parent entity listed on the firm's website. Ultimus Fund Solutions operates as the fund administration arm. The firm's disclosure notes that information on the website is based on public data and historical agreements, and all pricing is subject to change.
Does Ultimus maintain philanthropic structures?
No philanthropic or charitable entities are disclosed on Ultimus's website. The firm does not appear to operate a separate foundation; its activities are centered on commercial fund administration services.
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