Firm completes transition of mutual fund to research-based exchange-traded fund to diversify its offerings
CINCINNATI, April 01, 2025 (GLOBE NEWSWIRE) — Ultimus Fund Solutions® (Ultimus®), a leading independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions, today announced its support of KKM Financial (KKM) in transitioning their Essential 40 mutual fund to an exchange-traded fund (ETF).
The successful conversion marks another opportunity for Ultimus to showcase its ability to provide tailored solutions to support clients navigating the complexities of evolving fund structures. KKM Financial, a premier boutique investment solutions firm based in Chicago, IL, launched The Essential 40 ETF, the latest addition to its suite of research-driven financial products. This new fund will utilize the benefits of the Northern Lights Fund Trust II series trust.
Ultimus’ advanced technology, integrated processes, and industry knowledge were instrumental in ensuring a smooth transition across all phases of the conversion. From accounting and compliance to fund distribution, Ultimus provided end-to-end support, allowing KKM Financial to focus on delivering value to its investors.
Michael Prendergast, Senior Vice President and Head of Exchange Traded Fund Services at Ultimus Fund Solutions, commented, “We are happy KKM leveraged our team for the transition of their ETF and we are excited to continue to support another well managed fund in our series trust. Our flexible operating model and advanced technology platforms allow us to seamlessly execute transitions such as this. We’re proud to have played a part in helping KKM bring this new ETF to market.”
The move to an ETF structure grants investors several advantages, including intraday tradability, greater tax efficiency, and lower expense ratios. The transition also reflects broader market trends, as ETFs continue to gain traction among both retail and institutional investors due to their flexibility and accessibility.
“Ultimus’ support has been invaluable during this process,” said Jeff Kilburg, Founder and Chief Investment Officer at KKM Financial. “Their expertise was crucial in managing the complexities of the transition while ensuring the best outcomes for our investors. This ETF conversion positions us to provide an increasingly diversified portfolio and better meet the needs of our investors in today’s evolving marketplace.”
The partnership highlights Ultimus’ continued commitment to supporting asset managers with innovative solutions tailored to meet their unique needs. From regulatory guidance to operational excellence, Ultimus consistently aligns its capabilities with the evolving goals of its clients.