DENVER--()--ALPS, a DST Company (ALPS), a leading provider of asset servicing to the investment management industry, is continuing its pattern of growth and leadership in the investment company industry.
“ALPS will continue to be the go-to solution for funds looking for high touch turn-key services”
To date in 2012, ALPS has brought on eight new mutual fund servicing clients, comprised of five new start-up mutual funds and three existing fund families. To further accommodate the increased growth of start-up mutual funds, ALPS is launching the new ALPS Series Trust, providing Advisers with a solution for bringing open-end mutual funds to market in an efficient and cost-effective manner.
“ALPS will continue to be the go-to solution for funds looking for high touch turn-key services,” says Ned Burke, Chief Executive officer at ALPS.
In addition, the recently released results of Global Custodian’s 2012 Mutual Fund Administration Survey ranked ALPS as the #1 Global Service Provider. ALPS was also ranked first or second in 11 of the 12 eligible categories in Global Custodian’s survey and received a ‘Best in Class’ rating that covered the following eight service areas: Client Service and Relationship Management, Value, Fund Accounting and Valuations, Transfer Agency, Distribution Support, Portfolio Servicing, Fund Reporting and Compliance.
Jeremy May, President of ALPS Fund Services, says the organization is “thriving” and is pleased with the continued dedication and enthusiasm of ALPS’ employees. “The Global Custodian survey aptly highlights our strengths and reinforces the reasons clients choose to do business with ALPS. I am extremely proud of our employees for their contribution to our top rankings in the Global Custodian survey. We will finish 2012 strong and look forward to continued growth in 2013,” he went on to state.
A wholly owned subsidiary of DST Systems, Inc., headquartered in Denver with offices in Boston, New York, Seattle, and Toronto, ALPS is a 27-year-old financial services firm focused on asset servicing and asset gathering. With more than 400 employees, over 200 clients, and an executive team that has been in place for over 18 years, ALPS continues to actively promote all of its various business segments, from asset servicing through ALPS Fund Services, Inc. to asset gathering through ALPS Distributors, Inc. and ALPS Advisors, Inc. As of June 30, 2012, the firm managed more than $6.6 billion in assets and provided servicing to more than $338 billion in client assets. For more information about ALPS and the services available, visit www.alpsinc.com, and for additional information about ALPS products, visit www.alpsfunds.com.
About DST Systems, Inc.
DST Systems, Inc. provides sophisticated information processing solutions and services to support the global asset management, insurance, retirement, brokerage, and healthcare industries. In addition to technology products and services, DST also provides integrated print and electronic statement and billing solutions through DST Output. DST's world-class data centers provide technology infrastructure support for asset management, insurance and healthcare companies around the globe. Headquartered in Kansas City, MO., DST is a publicly traded company on the New York Stock Exchange.