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Rating:Cincy Fund Firm Outsources Distribution Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 18, 2004

Cincy Fund Firm Outsources Distribution

by: Theresa Sim

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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