FD Fund Administration
- Company typePrivate
- Founded2013
- HeadquartersPhiladelphia, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
FD Fund Administration firmographics
Firmographics- Name
- FD Fund Administration
- Legal name
- FD Fund Administration, LLC
- Website
- https://fd-fa.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where FD Fund Administration is headquartered
LocationHeadquarters
- HQ city
- Philadelphia
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
FD Fund Administration business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Fund Administration Services: Comprehensive fund administration services for registered and alternative funds, including fund accounting, financial administration, tax services, and regulatory reporting across public and private fund structures.
- Investment Operations / Middle Office Services: Outsourced middle office services including data management, portfolio analytics, workflow management, and operational support for asset managers.
- Transfer Agency / Investor Services: Transfer agent, shareholder services, and investor servicing for registered investment companies and pooled investment products, including KYC/AML compliance and investor onboarding.
- Distribution Services: Distribution services through affiliated broker-dealers including Ultimus Fund Distributors, LLC and Northern Lights Distributors, LLC, both registered broker-dealers and FINRA members.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | No publicly disclosed pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
FD Fund Administration product offering
Product offeringCore offering
FD Fund Administration provides outsourced fund administration, fund accounting, transfer agency and shareholder services, middle office operations, and SEC reporting to fund managers and asset managers across registered and alternative fund structures (mutual funds, ETFs, private equity, private credit, hedge funds, interval funds, BDCs, and REITs). Services are delivered through an integrated technology platform (uSUITE / Ultimus Connect) and supported by affiliated FINRA-registered broker-dealers for distribution.
Product overview
FD Fund Administration (a subsidiary of Ultimus Fund Solutions) offers a comprehensive fund administration and investment operations platform combining high-touch service with integrated technology. The core offering is built around the proprietary uSUITE platform ecosystem (including uCONNECT for data aggregation, uANALYZE for analytics, and uETF for ETF automation), delivered through the Ultimus Connect technology platform (featuring Data and Reporting Hub, Portfolio Analytics Portal, Workflow Manager, Investor and Advisor Portal, Private Investor Portal, and Waterfall Engine). Additional solutions include the Gateway platform for registered alternative fund launches, comprehensive middle office services, and transfer agency services. The company serves public funds (mutual funds, ETFs, CITs, 529 plans), private funds (private equity, private credit, hedge funds, venture capital), retail alternative funds (interval funds, tender offer funds, BDCs, REITs), and offers strategic solutions including Series Trust, 351 seed strategies, and fund conversion services.
Differentiator
Problem solved
Functional benefit
Products and services
- Fund Administration Services Comprehensive fund administration for registered and alternative funds covering fund accounting, financial administration, tax services, and regulatory reporting across public and private fund structures.
- Middle Office / Investment Operations Services Outsourced middle office solutions including data management, portfolio analytics, workflow management, reconciliation, and operational support for asset managers across public and private markets, delivered through Ultimus Enterprise.
- Transfer Agency / Shareholder Services Transfer agent and investor servicing for registered investment companies and pooled investment products, including KYC/AML compliance, investor onboarding, and shareholder recordkeeping with WCAG-compliant web portal enhancements and fraud prevention software.
- Distribution Services Fund distribution through affiliated broker-dealers including Ultimus Fund Distributors, LLC and Northern Lights Distributors, LLC, both registered broker-dealers and FINRA members, providing integrated fund distribution capabilities.
- Gateway Platform for Registered Alternative Fund Launches Fully integrated operating solution for launching and administering registered alternative funds, providing governance support and operations infrastructure for bringing retail alternative funds to market.
- uETF Automated ETF Workflow Platform Automated ETF workflow processing module supporting basket creation, valuation, and dissemination of ETF data to required parties, with exception alerting, output file production, and full transparency dashboards.
Quantifiable outcome
- $775B+ in assets under administration
- +4 more outcomes
Companies that use FD Fund Administration
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
FD Fund Administration technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability4 records
Feature11 records
FD Fund Administration partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- iCapitalcoreStrategic collaboration integrating iCapital's distributed ledger technology (DLT) with Ultimus' API-rich infrastructure to streamline data transmission and reconciliation for alternative investments. The partnership creates a single trusted source of fund information, eliminating manual processes, minimizing reconciliation breaks, and improving real-time data accuracy. Ultimus is described as having a 'strong partnership' with iCapital.
- FINTRXcorePartnership providing Ultimus' asset management clients with seamless access to FINTRX's AI-powered private wealth intelligence platform featuring data on 850,000+ financial records across 70,000+ firms. FINTRX enables clients to refine outreach, identify distribution opportunities, and build relationships with key decision-makers in the private wealth ecosystem. The partnership integrates FINTRX's data and tools with clients' existing CRM systems.
- WTaxcoreExpanded partnership making WTax Ultimus' dedicated solution for all foreign tax relief at source document completion, ongoing management, and reclaim services. WTax provides proprietary tax technology and over 250 specialists globally to optimize tax relief and reclaim entitlements for Ultimus' fund administration clients. Partnership began in May 2024 and was enhanced to cover all tax relief services.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
FD Fund Administration competitors and assessment
Company assessmentDirect peers
- SS&C Technologies: Largest pure-play fund administration and transfer agency competitor via its GlobeNewswire/SS&C business (which absorbed DST Systems). Directly comparable across mutual fund, ETF, alternatives, and middle-office services with similar technology-led positioning and comparable scale.
- SEI Investments: Independent investment operations and fund administration provider serving mutual funds, hedge funds, and private equity managers. Comparable business model focused on outsourced operations with proprietary technology, similar mid-large fund administrator scale.
- Gen II Fund Services: Independent fund administration firm specializing in private equity, private credit, and real asset funds. Directly comparable in the alternatives segment with similar boutique positioning and technology investment strategy.
- MG Stover & Co. Independent fund administration firm focused on alternative investment funds including hedge funds, private equity, and venture capital. Comparable in independence positioning and alternatives specialization but smaller scale than Ultimus.
- Opus Fund Services: Independent fund administration provider serving hedge funds, private equity, and venture capital funds globally. Comparable boutique-to-mid scale independent administrator competing for alternative fund administration mandates.
Broad incumbents
- State Street: One of the largest bank-affiliated fund servicing providers globally through State Street Fund Services, offering bundled custody and administration at massive scale. Competes directly with Ultimus but bundles services and operates globally with materially greater resources.
- BNY Mellon: Global custody and fund services giant with deep fund administration capabilities across registered and alternative funds. Directly competitive with Ultimus in middle-office and ETF administration but with substantially larger scale and global footprint.
- JPMorgan: Bank-affiliated fund services provider offering custody, fund administration, and middle-office solutions globally. Competes with Ultimus for institutional asset manager mandates, particularly for larger clients seeking global operating partners.
- Citi: Global custody and fund services business within Citi's Issuer Services arm. Competes with Ultimus in fund administration and middle-office services with global scale advantages; Ultimus' leadership was recruited from Citi, indicating direct competitive overlap.
- Northern Trust: Custody and fund administration provider serving asset managers globally, with strength in CITs and traditional fund structures. Competes in public markets fund administration space with bank-affiliated stability advantage but smaller alternatives footprint than Ultimus.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key highlights7 records
Customer concentration
FD Fund Administration social profiles
Digital presenceFD Fund Administration financial estimates
Financial estimateRevenue estimate
Valuation estimate
FD Fund Administration leadership team
Management profileNumber of profiles
FD Fund Administration funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FD Fund Administration M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FD Fund Administration
What does FD Fund Administration do?
FD Fund Administration provides outsourced fund administration, fund accounting, transfer agency and shareholder services, middle office operations, and SEC reporting to fund managers and asset managers across registered and alternative fund structures (mutual funds, ETFs, private equity, private credit, hedge funds, interval funds, BDCs, and REITs). Services are delivered through an integrated technology platform (uSUITE / Ultimus Connect) and supported by affiliated FINRA-registered broker-dealers for distribution.
Is FD Fund Administration a public or private company?
FD Fund Administration is a private company. It is classified as unknown and is currently operating.
When was FD Fund Administration founded?
FD Fund Administration was founded in 2013. It employs 11 to 50 people.
Where is FD Fund Administration based?
FD Fund Administration is headquartered in Philadelphia, United States, in the North America region.
How does FD Fund Administration make money?
Four revenue lines are on record. Fund Administration Services are the primary driver. The others are investment Operations / Middle Office Services, transfer Agency / Investor Services and distribution Services.
Who are FD Fund Administration's main competitors?
Direct peers on record are SS&C Technologies, SEI Investments, Gen II Fund Services, MG Stover & Co. and Opus Fund Services. Broad incumbents are State Street, BNY Mellon, JPMorgan, Citi and Northern Trust.
Does FD Fund Administration have an API?
Yes. Ultimus provides API-rich infrastructure enabling fund managers to connect their fintech systems to Ultimus' service platform. APIs support real-time data transmission and reconciliation for alternative investment operations. The company has also integrated robotic processes and APIs to connect fund manager fintech systems to service providers, supporting basket services, workflow processing, and data exchange.