MutualFundWire.com: Beacon Hill Wins a Client from Foreside

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Wednesday, September 5, 2012

Beacon Hill Wins a Client from Foreside

Beacon Hill has won the distribution contract for the Boston Trust family of mutual funds, including the Walden Funds. The funds had been distributed by Foreside prior to the change.

Boston Trust announced the deal in a press release.

BHIL Distributors, Beacon Hill's affiliated broker-dealer, will distribute all the mutual funds managed by Boston Trust Investment Management (BTIM) and Walden Asset Management. The BTIM website lists ten mutual funds with a combined AUM of approximately $930.6 million.

Beacon Hill president Scott Englehart spoke with MFWire about his firm's history and the deal with Boston Trust. He said that Boston Trust approached his firm and asked him to do an RFP, and that the entire process took about a year.

Beacon Hill is a five-year-old firm located in Columbus, Ohio, with sixteen clients and thirteen employees. Earlier this year, the company launched the Advisors Investment Trust, a mutual fund trust aimed at institutional money managers.

The press release is below.

Boston Trust Investment Management selects BHIL Distributors, Inc. as Distributor for the Boston Trust & Walden Funds

Columbus, Ohio – September 4, 2012 - Beacon Hill Fund Services, Inc. announced today that Boston Trust Investment Management, Inc. (BTIM) has selected BHIL Distributors, Inc., the affiliated broker-dealer of Beacon Hill, to provide principal underwriter and distribution services to The Boston Trust & Walden Funds.

Boston Trust & Investment Management, parent company of BTIM, is an independent, employee-owned firm based in Boston that provides investment management and fiduciary services to retirement plans, foundations and endowments, and high net worth individuals.

“We selected Beacon Hill for Principal Underwriter and Distributor services due to the experience and professionalism of their personnel, who we have known for many years. We value the team’s knowledge of the trading platforms and Fund/SERV settlement through NSCC as well as their pro-active and consultative approach to the services they provide to the money management profession,” said Lucia Santini, Managing Director and Portfolio Manager at Boston Trust Investment Management.

“We are extremely pleased that Boston Trust has selected Beacon Hill to join their mutual fund team for the next steps of their growth and success,” said Scott Englehart, President of Beacon Hill Fund Services, Inc. “Beacon Hill prides itself on delivering independent, objective and industry best practice services to the investment management industry through a staff of veterans who have on average over 20 years of experience in all aspects of the fund business.”

Beacon Hill provides management and support services to the investment management industry and its regulated investment company products, specializing in serving as the Principal Underwriter and Distributor; providing experienced industry personnel to serve as Fund Chief Compliance Officer (CCO) and Chief Financial Officer (PFO/Treasurer) and delivering business management and governance and related consulting services to registered advisers and registered investment company products.