Segall Bryant & Hamill switches USD2.5bn mutual fund assets to Ultimus

Ultimus has been appointed as the mutual fund administration service provider for Segall Bryant & Hamill, an independent investment firm based in Chicago. SBH appointed Ultimus to convert the firm’s 17 mutual funds with over USD2.5bn AuM, and to provide services including financial accounting, fund administration, transfer agency, compliance, and distribution. SBH offers fee-based investment strategies through pooled investment vehicles including mutual funds and collective investment trusts, and has USD20bn AuM in total. Ultimus completed the conversion process from SBH’s two previous service providers in December 2019.