Huntington Asset Services' Series Trust Reaches $500 Million Mark
Valued Advisers Trust Serves Ten Advisors
COLUMBUS, Ohio--(BUSINESS WIRE)-- Huntington Asset Services, a wholly owned subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN (www.huntington.com), has announced that the Valued Advisers Trust, its second series trust, recently reached assets under management of $500 million. This brings the total assets served in its two sponsored trusts to $2.3 billion.
"We are very proud of the growth achieved in the Valued Advisers Trust since its formation in late 2008 and first fund launch in 2009," said Jeff Young, senior vice president of Relationship Management. "Our commitment to assisting industry-leading managers as they successfully launch funds efficiently has been a hallmark of our firm for many years. Crossing this key milestone is a testament to the fund managers and our support of their efforts."
The Valued Advisers Trust is one of two multi-series trusts offered by Huntington Asset Services. The structure provides investment advisors new to the mutual fund business an efficient and cost-effective solution for starting a fund or funds. By leveraging an existing investment company structure, and its economies of scale, fund managers can focus on their core competencies of investment management and on growing their business. Huntington Asset Services first entered the series trust market in 1998.
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About Huntington Asset Services, Inc.
Huntington Asset Services, Inc. has been providing mutual fund service solutions for more than 40 years. Huntington's fully integrated services include fund administration, accounting, transfer agency, compliance, distribution and custody for clients with combined assets of more than $45 billion. Huntington's comprehensive solutions support both standalone and series trust structures. Based in Indianapolis, Huntington Asset Services, Inc. and Unified Financial Securities, Inc. are wholly owned subsidiaries of Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com), a $57 billion regional bank holding company headquartered in Columbus, Ohio. More information is available at www.HuntingtonAssetServices.com.
Huntington Asset Services, Inc. and Unified Financial Securities, Inc., members FINRA, are wholly-owned subsidiaries of Huntington Bancshares, Inc.
The logo mark and Huntington®are federally registered service marks of Huntington Bancshares Incorporated.
Huntington Bancshares Incorporated
Cynthia Kincaid, 614-480-5415
KEYWORDS: United States North America Ohio
The article Huntington Asset Services' Series Trust Reaches $500 Million Mark originally appeared on Fool.com.
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