COLUMBUS, Ohio and INDIANAPOLIS, Feb. 24, 2011 /PRNewswire/ -- Huntington Asset Services, a leading provider of fund administration and accounting, distribution, and transfer agency services, has been selected by Angel Oak Capital Advisors to manage the advisor's first mutual fund offering.
The new fixed income fund will be the fifth fund serviced through Huntington Asset Services' Valued Advisers Trust.
"The time is right for firms thinking about launching new mutual funds," said Brian L. Blomquist, president of Huntington Asset Services. "With our Valued Advisers Trust, we can offer advisors a fully integrated, turnkey solution that provides economies of scale for operations while allowing individual funds to have their own identity."
Brad Friedlander, managing partner at Angel Oak Capital Advisors, said, "The Huntington Asset Services team spent a great deal of time with us discussing all the steps involved in launching a mutual fund. We were impressed by their high level of expertise and experience as well as the significant amount of personalized attention we received prior to our decision."
Angel Oak Capital Advisors is a boutique asset management firm based in Atlanta, Ga. with $165 million in assets under management.
About Huntington Asset Services
Huntington Asset Services, formerly Unified Fund Services, has been providing mutual fund service solutions for more than 40 years. Huntington's fully integrated services include fund administration, accounting, transfer agency, compliance, distribution and custody for clients with combined assets of more than $45 billion. Huntington's comprehensive solutions support both standalone and series trust structures. Based in Indianapolis, Huntington Asset Services, Inc. and Unified Financial Securities, Inc. are wholly owned subsidiaries of Huntington Bancshares Incorporated (Nasdaq: HBAN), a $54 billion regional bank holding company headquartered in Columbus, Ohio. More information is available at www.HuntingtonAssetServices.com.
Huntington Bancshares Incorporated is a $54 billion regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, it provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial product and services. The principal markets for these services are Huntington's six-state banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of over 600 traditional branches and convenience branches located in grocery stores and retirement centers, and through an array of alternative distribution channels including internet and mobile banking, telephone banking, and over 1,300 ATMs. Through automotive dealership relationships within its six-state banking franchise area and selected New England states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
The logo mark and Huntington® are federally registered service marks of Huntington Bancshares Incorporated.
SOURCE Huntington Asset Services