Westwood Holdings Group Expands Relationship with Ultimus Fund Solutions

Firm launches two new ETFs to diversify product offering for investors.

September 03, 2024

This article was originally published on Ultimus

CINCINNATI, OHIO – July 30, 2024 Ultimus Fund Solutions® (Ultimus®), a leading independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions, is pleased to announce the expansion of its longstanding partnership with Westwood Holdings Group (Westwood) through the successful launch of two new actively managed exchange-traded funds (ETFs). This launch marks a significant milestone in the continuing evolution of Westwood’s investment offerings, reflecting a deepened collaboration that leverages Ultimus’ extensive infrastructure and fund administration service offering.

Headquartered in Dallas, Texas, Westwood manages multiple investment strategies tailored to institutional investors, private wealth clients, and financial intermediaries. Recently, Westwood expanded its offerings to include two new Active ETFs, reflecting Westwood’s ongoing leadership in energy and infrastructure investing with a commitment to providing innovative investment tools, regardless of vehicle or wrapper to investors.

“As we continue to innovate and advance our solutions, our partnership with Ultimus has been truly invaluable,” said Bill Hardcastle, Managing Director, Strategic Planning and Program Management. “With their robust support and experience with multiple wrappers, we’ve successfully ventured into new markets and now launched our first active ETFs. We’re excited about what’s ahead and confident our ongoing collaboration with Ultimus will open even more growth opportunities.”

In partnership with Ultimus, Westwood has successfully expanded its investment offerings which include 14 mutual funds, two ETFs, two private funds, and one private equity fund, showcasing a solid commitment to providing diversified and innovative investment solutions while utilizing Ultimus’ comprehensive back office administration services and statutory distributor services.

“Our relationship with Westwood continues to grow stronger as we provide integrated support across their product lineup,” said Bill Tomko, EVP, Head of Fund Servicing at Ultimus. “From mutual funds to cutting-edge ETFs and private funds, our team has been committed to empowering Westwood with tailored solutions that cater to their particular strategic objectives. We look forward to deepening this partnership and exploring new avenues for innovation together.”

The new ETFs are part of Westwood’s broader strategy to diversify investment wrappers and innovate within their investment expertise, showcasing their ability to seek to adapt and thrive in a competitive