Huntington Asset Services Adds Team Asset Strategy Fund
COLUMBUS, Ohio, Aug. 12 /PRNewswire-FirstCall/ -- Huntington Asset Services, a leading provider of fund administration and accounting, distribution, and transfer agency services, has been selected by TEAM Financial Asset Management, Inc. to administer the advisor's first mutual fund offering, TEAM Asset Strategy Fund (TEAMX). Huntington Asset Services, formerly Unified Fund Services, is a subsidiary of Huntington Bancshares, Inc., which provides custody services through its Huntington Bank subsidiary.
"The fund will be serviced through Huntington Asset Services' Valued Advisers Trust, which provides investment advisors a platform to quickly launch a mutual fund while meeting all regulatory requirements and offering a full range of customer service support," explained Brian L. Blomquist, president of Huntington Asset Services and Huntington Bank senior vice president.
"The Valued Advisors Trust can facilitate multiple funds, offering advisors the economies of scale of an existing mutual fund trust while retaining the full autonomy of the individual fund," said Blomquist. "TEAM Financial is a seasoned investment firm with an excellent reputation. We are glad to be adding value for TEAM Financial by providing a customized solution for what we believe will be a successful investment offering for the firm."
James Dailey, chief investment officer for TEAM Financial and co-manager of the newly created fund, said "Huntington Asset Services' long track record and mutual fund service solutions provided the best option to bring TEAMX to market. The opportunity to work within Huntington Asset Services' turnkey solution to bring our first fund to market proved unbeatable."
"We want to offer our investment customers the advantage of our strategic insight through a proprietary fund, without the headache of managing fund logistics. By offering TEAMX through Huntington Asset Services' Valued Advisers Trust, we got exactly what we wanted," Dailey said.
About Huntington Asset Services
Huntington Asset Services, formerly Unified Fund Services, has been providing mutual fund service solutions for more than 40 years. Huntington's fully integrated services include fund administration, accounting, transfer agency, compliance, distribution and custody for clients with combined assets of more than $45 billion. Huntington's comprehensive solutions support both standalone and series trust structures. Based in Indianapolis, Huntington Asset Services, Inc. and Unified Financial Securities, Inc. are wholly owned subsidiaries of Huntington Bancshares Incorporated (Nasdaq: HBAN), a $52 billion regional bank holding company headquartered in Columbus, Ohio. More information is available at www.HuntingtonAssetServices.com.
Huntington Bancshares Incorporated is a $52 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has been providing a full range of financial services including checking, loans, savings, insurance and investment services to customers for 144 years. Huntington has more than 600 banking offices. Huntington also offers retail and commercial financial services online at huntington.com; through its telephone bank; and through its network of over 1,300 ATMs.
The logo mark and Huntington® are federally registered service marks of Huntington Bancshares Incorporated.
SOURCE Huntington Bancshares Incorporated
Released August 12, 2010