Nottingham

What Nottingham does

Nottingham is an independently-owned fund accounting and administration firm headquartered in Rocky Mount, North Carolina, founded in 1987 by Kip Meadows, who continues to serve as CEO. The firm provides end-to-end services for pooled investment vehicles — including exchange-traded funds (ETFs), mutual funds, hedge funds, interval funds, government investment pools, and foundation endowments — to investment advisors, fund sponsors, institutional investors, state agencies, and non-profit organizations. Across its history the firm has shepherded the organization of more than 250 funds and operates as a SEC-registered transfer agent since 1989, currently the only full-service SEC-registered transfer agent in the southeastern United States.

The core service stack covers fund organization (formation and launch support), ongoing fund administration (NAV calculation, financial reporting, audit support), transfer agent and shareholder services, and outsourced compliance / Chief Compliance Officer services. On top of that operational layer Nottingham has built a proprietary technology suite: the patent-pending ETF Lighthouse platform for automated dual share class exchanges and conversions across active, semi-transparent, and non-transparent ETF structures; an Authorized Participant Portal; Portfolio Composition File generation tooling; multi-level unitized sub-accounting systems; and customizable client, advisor, and shareholder web portals. The platform supports emerging regulatory structures including NYSE Active Managed Semi-Transparent (AMS) and Blue Tractor Shielded Alpha wrappers, and Nottingham completed the first-ever multi-class open-end mutual fund to ETF conversion in 2021.

Revenue is generated principally through recurring fund-administration fees structured as a percentage of assets under administration or flat per-fund fees, supplemented by professional-services revenue from compliance consulting and potential licensing / royalty income from the ETF Lighthouse platform. Go-to-market is consultative, enterprise-direct selling led by the founder-CEO with no disclosed channel partners; the senior leadership team is recruited from BlackRock, BNY Mellon, T. Rowe Price, AMG, Ultimus, Natixis, and Santander Asset Management, anchoring credibility with institutional and government clients.

Name

Nottingham

Legal name

Nottingham

Website

https://nottinghamco.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Nottingham is an independently-owned fund accounting and administration firm providing end-to-end services for pooled investment vehicles — including ETFs, mutual funds, hedge funds, interval funds, government investment pools, and endowments — to investment advisors, fund sponsors, institutional investors, and government agencies from Rocky Mount, NC.

Ownership category

akta.pro rank

Product category

Fund Administration Services

NAICS

Other Financial Vehicles (52599), Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (525910)

SIC

Finance Services (6199), Services-Management Consulting Services (8742)

akta.pro primary industry

Fund Accounting & NAV Services (Asset Servicing) (FSAAAOAF)

akta.pro secondary industries

AML/KYC, Investor Onboarding & Compliance Services (FSAAAMAE), Fund Services & NAV Support (Fund Accounting Interfaces) (FSAFALAJ)

Keywords

• Fund administration services
• Transfer agent services
• ETF operations support
• Mutual fund accounting
• Pooled investment vehicles

Headquarters

HQ city

Rocky Mount

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Fund Administration Services: Nottingham charges fees for comprehensive fund administration services including NAV calculation, shareholder recordkeeping, regulatory filings, financial reporting, and audit support for ETFs, mutual funds, hedge funds, interval funds, and other pooled investment vehicles. Fees are typically structured as a percentage of assets under administration or a flat fee per fund, with total operating costs for an ETF estimated at just under $200,000 annually and mutual funds requiring approximately $15mm in assets to break even at a 1.25% expense ratio.
2. Transfer Agent / Shareholder Services: Fees for transfer agent services including shareholder accounting, recordkeeping, distribution of dividends, AML monitoring, and compliance services. Registered with the SEC as a transfer agent since 1989, serving as the only full-service registered transfer agent in the southeastern US.
3. Outsourced Compliance Services: Fees for CCO services, RIA formation, compliance program creation and analysis, and regulatory compliance consulting for registered investment advisers and registered fund companies.
4. ETF Lighthouse Technology: Revenue from the patent-pending ETF Lighthouse platform providing automated dual share class exchange technology to ETF issuers. The first-ever multi-class mutual fund to ETF conversion was completed in early 2021.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Nottingham provides comprehensive fund accounting, administration, organization, and transfer agent services for pooled investment vehicles including ETFs, mutual funds, hedge funds, interval funds, government investment pools, and foundation endowments. The firm delivers daily NAV calculation, shareholder recordkeeping, regulatory compliance, ETF basket management, and proprietary technology platforms including the patent-pending ETF Lighthouse for automated share class exchanges. Services span the full fund lifecycle from organization through ongoing operations for investment advisors, portfolio managers, and fund sponsors nationwide.

Product overview

Nottingham is a comprehensive fund administration and financial technology platform offering end-to-end services for pooled investment vehicles. The core offering centers on ETF Lighthouse, a patent-pending automated exchange solution, supported by Fund Organization Services (including mutual fund to ETF conversions), Fund Administration Services, a proprietary Financial Technology Platform (with secure client/sharesholder portals and ETF-specific technology including an Authorized Participant Portal), Transfer Agent and Shareholder Services, Fund Accounting Services, and Outsourced Compliance Services. The company also provides ETF Agent Services for daily ETF operations. Nottingham's services are delivered through its own secure web portals (portal.ncfunds.com) and are designed for investment advisors and fund sponsors managing ETFs, mutual funds, hedge funds, interval funds, government investment pools, and foundation endowments.

Differentiator

Problem solved

Functional benefit

Brands

• ETF Lighthouse: A patent-pending solution to streamline ETF class exchanges, eliminate next-day market risk, and enable transparent, same-day communication between all parties.
• NC Funds

Products and services

• ETF Lighthouse A patent-pending, automated dual-share class exchange solution that streamlines ETF class exchanges, eliminates next-day market risk, and enables same-day transparent communication between all parties including fund families, intermediaries, and transfer agents. Built for ETF issuers managing dual share class structures.
• Fund Organization Services

Quantifiable outcome

• ETF break-even operating costs under $200,000 annually
• +4 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• New York Stock Exchange (NYSE) AMScoreTechnology or IntegrationNottingham entered into an agreement with the NYSE Active Semi-Transparent ETF (AMS) structure. Under this model, public portfolio disclosure can be partially incomplete using proxy securities, allowing active portfolio managers to avoid full transparency of their holdings while still providing enough information for market makers and authorized participants to conduct efficient trading. The AMS model substitutes similar securities (e.g., BP for ExxonMobil) to manage tracking risk.
• Blue Tractor Shielded AlphacoreTechnology or IntegrationNottingham entered into an agreement with the Blue Tractor Shielded Alpha structure. Under this structure, all portfolio securities are included in the ETF's creation basket, but a security's percentage weightings in the creation basket always differ from its actual weighting in the portfolio, effectively hiding the portfolio manager's strategy while maintaining sufficient transparency for market makers and APs.
• Spinnaker ETF SeriescoreStrategic or Co-development PartnerNottingham affiliate Spinnaker ETF Series, together with advisor OBP Capital, was the first white label issuer to file SEC short-form applications adopting both the Blue Tractor and NYSE AMS non-transparent/semi-transparent ETF models. Spinnaker ETF Series represents a proprietary ETF issuance vehicle aligned with Nottingham's administrative infrastructure.
• OBP CapitalcoreStrategic or Co-development PartnerOBP Capital is a Nottingham affiliate managed by Kate Honey (Managing Principal). OBP Capital, together with Spinnaker ETF Series, was the first white label issuer to file short-form SEC applications adopting both Blue Tractor and NYSE AMS non-transparent ETF models. OBP Capital manages the firm's day-to-day operations and client development.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/the-nottingham-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nottingham