Chalk up another win for UMB Fund Services, Inc., which yesterday revealed that it was chosen to provide mutual fund transfer agency services for the FPA Funds, managed by First Pacific Advisors, LLC.
UMBFS’ transfer agency will service the six FPA Funds, totaling more than 152,000 accounts with $15.4 billion in assets as of April 30. In addition to transfer agency services, UMBFS will provide sales reporting services. UMBFS has also provided administration services for FPA’s private funds since early 2008 through JD Clark & Company, its alternative investment servicing division.
In a statement, Rich Atwood, managing partner and chief operating officer with FPA, said his firm hired UMB because of its “reasonable price” and “flexibility and willingness to tailor its services to our needs.”