Ultimus expands Distribution Advantage programme to include ETF platform information

Independent fund services provider Ultimus Fund Solutions has expanded its Ultimus Distribution Advantage (UDA) program to include platform information for exchange-traded funds (ETFs). 

Ultimus is introducing the addition of intermediary fee structures and requirements for ETFs by incorporating the details to the intermediary pricing pages already established for the Investment Company Act of 1940 (’40 Act) funds on the UDA website. These expansions are part of the company’s commitment to continually providing value for investment adviser clients, particularly now in the ETF space as interest for this product continues to grow in the marketplace.

The new additions to the UDA program include details on ETF intermediary pricing such as on-boarding fees, basis point arrangements, and data packaging requirements. It also includes fund requirements like assets under management (AUM), volume, demand, and track record data. The overall program was launched in 2014, and includes strategic advice and resources throughout every step of the fund distribution process, from product design and positioning, through distribution channel recommendations and relationship building. The program assists fund managers in executing their fund’s distribution strategy and standing out in this competitive landscape.

“We anticipate ETF platform pricing to evolve over the next 18 months due to the accelerated growth of non-transparent and semi-transparent ETFs in the industry, even in these current uncertain times,” says Kevin Guerette, President of Ultimus Fund Distributors, LLC. “The expectation is that there will be movement in how platforms are assessing fees against several types of ETFs including traditional, traditional active, and a wave of semi-transparent ETFs. Our goal is to provide clients with quality and timely data that will help with product development and enhance their distribution efforts.”

“As we further demonstrate our commitment to support our clients’ businesses and attract quality prospects, we’ve once again enhanced what’s already been a successful program for many years by introducing additional information for a growing segment of our industry,” says Gary Tenkman, Chief Executive Officer of Ultimus. “Our entire service team is always looking to provide additional value to our clients, whether it’s through expanding services, providing industry insights, sharing detailed knowledge or through implementing technology. Our team is focused on helping clients grow, period.”