UMB Fund Services
Greg Drose
EVP/Executive Director Business Development
235 W. Galena Street
Milwaukee, WI 53212
720-837-8985
Year RC services began: 1990
UMB Fund Services, Inc. (UMBFS) offers a broad suite of services for both registered and unregistered products. We are dedicated to providing uncompromised compliance services and reporting to clients. All clients’ CCOs have direct access to our Compliance Manager and are encouraged to make periodic on-site due diligence visits.
We believe transparency is the key to a strong compliance program. We are com mitted to identifying, communicating and resolving potential compliance issues by working with our clients to achieve satisfactory solutions. Our practice of self-reporting as well as our comprehensive compliance testing and corporate risk monitoring programs allow us to maintain an effective control environment.
We seek to deliver compliance support in the most effective and efficient format possible. Our online web portal allows clients 24/7 access to portfolio testing reports, compliance certifications, UMBFS’ summary policies and procedures, regulatory bulletins and SSAE 18 reports.
Compliance services include:
• Access to our detailed summary policies and procedures, which are reviewed and updated at least annually
• Fundamental, non-fundamental and IRS investment restriction and portfolio testing, as applicable
• Quarterly Rule 38(a)-1 and Transfer Agency Monitoring compliance certifications
• Annual Rule 38(a)-1 compliance report
• USA PATRIOT Act screening and customer identification verification
• Rule 22c-2 exception reports/summary
• Quarterly industry trends and periodic regulatory update bulletins
• Regulatory exam support
• Blue Sky monitoring and reporting
• Preparation of board materials
• Providing financials and other information for updating prospectuses and statements of additional information
• Registered Representative training, licensing and supervision
• Review of fund marketing materials and FINRA filing as appropriate