UMB Fund Services Goes Live with FastPro Mobile App
September 29 2015 - 11:30AM
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:
- On-demand report generation;
- Investor demographics, transactions and
reports;
- Fund performance and indices
information; and
- 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150929006421/en/
UMB Fund ServicesKelli Christman,
816-860-5088Kelli.Christman@umb.com
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