Pear Tree selects UMB for fund accounting and custody services
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Pear Tree selects UMB for fund accounting and custody services 10 August 2020Milwaukee Reporter: Rebecca Delaney
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UMB Fund Services has been selected by Pear Tree Advisors to provide fund accounting, tax preparation and reporting, and global custody services to its mutual fund business.
Pear Tree Funds currently holds six mutual funds, the first of which was launched in 1985, comprised of two domestic and four international funds.
UMB Fund Services will administer in-house tax and regulatory services for preparation, compliance and reporting of the funds, while the institutional custody technology platforms will deliver a proactive service for trade settlement and corporate actions in the funds portfolio.
Diane Hunt, controller of Pear Tree Advisors, commented: “The Pear Tree fund family continues to grow, and we needed a fund accountant and custodian that can provide unwavering support for our current and future needs.”
“UMB’s well-rounded fund accounting and custodial expertise is only outdone by the firm’s high-touch service, giving us peace of mind and allowing us to stay focused on the needs of our own clients.”
Maureen Quill, executive vice president and executive director of registered funds at UMB, added: “We are pleased to provide a suite of fund and custody services for Pear Tree Funds.”
“This partnership showcases our team’s dedication to providing unparalleled client service and providing solutions that address all of our clients’ needs.”
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