Knoxville, Tennessee-based BPV [profile]
has entered the '40 Act business with a pair of mutual funds launched this month [SEC filing
BPV Family of Funds' Mike West
that he sees the products -- BPV Core Diversification Fund
and BPV Wealth Preservation Fund
having AUM of $30 milion within a couple of weeks. West also plans to roll out more mutual funds down the road, and he has $100-million dreams.
ALPS Fund Services
, now owned by DST Systems, is the admnistrator, transfer agent and accounting services
agent, ALPS Distributors
, also owned by DST, serves as distributor, Union Bank, N.A.
custodian, Deloitte & Touche LLP
is the independent registered public accounting firm and Kilpatrick Townsend & Stockton LLP
serves as legal counsel.
notes that BPV isn't the first Knoxville-based firm to
run mutual funds. There was Robert Loest's IPS Advisory, which in
2005 merged with Integrity Funds. (Integrity, in turn, sold its
sold its mutual fund business to Corridor Investors
in 2009.) Loest passed away in 2010.
Armie Margaret Lee
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