MILWAUKEE--(BUSINESS WIRE)--
UMB
Fund Services (UMBFS) has launched a mobile app for its proprietary
alternative investment fund accounting and investor servicing technology
called UMB Fund Services FastPro. The app, which is live on
Android and Apple iOS operating systems, allows clients to view
historical data and reports, investor demographics and fund performance
information at anytime, anywhere an internet connection is available.
The FastPro platform had previously only been available via web browser.
“Technology is changing the way our clients operate, and in response,
we’ve taken our award-winning reporting solution and given it mobile
capabilities,” said Chad Allen, managing director of alternative
investments at UMB Fund Services. “The industry is demanding real-time
data now, and we must have a solution ready that provides the
information clients need from any device.”
The mobile app was built to satisfy the unique needs of hedge fund and
private equity fund managers and the complex product structures they
manage. This powerful and customizable reporting solution is now
available to asset managers on their mobile devices and includes:
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On-demand report generation;
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Investor demographics, transactions and reports;
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Fund performance and indices information; and
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Secure document download
Private equity and fund-of-funds managers can even drill down to view
underlying fund portfolio company data. The app is also available to
fund investors, who need to access historical investor statements, K-1
tax reports and audit information.
“The deployment of the FastPro mobile app is just one of several areas
we are tackling in terms of technology development,” said Tony Fischer,
president of UMB Fund Services. “We are fully committed to listening to
our customers’ feedback and needs and responding to deliver the best
client service possible.”
About UMB Fund Services
UMB Fund Services, headquartered in Milwaukee, Wis., offers a complete
line of products and services to the fund industry, including
administration, fund accounting, distribution, investor services and
transfer agency, and alternative investment services; custody services
through UMB Bank, n.a.; and turnkey solutions including series trust,
collective trust, and registered alternative investment services. It
serves more than 200 clients with combined assets of more than $202
billion as of March 31, 2015. For the past six years, the company has
been named one of the top midsize employers in southeastern Wisconsin by
the Milwaukee Journal Sentinel. UMB Financial Corporation (Nasdaq:
UMBF), the parent company of UMBFS, is a financial services holding
company with more than $16.9 billion in banking assets, headquartered in
Kansas City, Mo.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150929006421/en/
UMB Fund Services
Kelli Christman, 816-860-5088
Kelli.Christman@umb.com
Source: UMB Fund Services