Cincinnati, Ohio-based Summit Mutual Funds
is expanding a relationship with U.S. Bancorp Fund Services
to outsource more of its operations.
The $6 billion money manager will tap USBFS and USBFS subsidiary Quasar to distribute and provide sales support; USBFS currently provides transfer agent and fund accounting services for Summit.
“Our selection was also influenced by USBFS’s unique consultative approach, which will generate a solution customized to support our specific goals," stated Dave Mazza
, director of distribution platforms for Summit.
Mazza did not immediately return a call seeking further information on the decision.
USBFS is based in Milwaukee, Wisconsin.
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