Ultimus Fund Solutions, a provider of mutual fund services to the financial industry, has agreed to launch Wilbanks Smith & Thomas Asset Manager’s US Equity Fund.
Managed by Wilbanks Smith & Thomas Asset Management, (WST), the fund’s investment objective is to seek long-term capital appreciation, while maintaining a secondary emphasis on generating income.
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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.
Bob Dorsey, managing director of Ultimus, said: "We are very pleased that WST chose to launch its fund with Ultimus as its service provider. 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."
Wayne Wilbanks, principal of WST, said: "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."
Wilbanks Smith & Thomas Asset Management, with more than US$2 billion in assets under management, offers investment advice for individual and institutional clients across the US, while Ultimus currently services 29 clients nationwide that have 68 funds and approximately US$18 billion in assets.
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