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Huntington Asset Services, Inc., a wholly-owned subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN;
www.huntington.com), assisted Hartford, Connecticut-based Bradley, Foster & Sargent, Inc. with the launch of its BFS Equity Fund. Huntington Asset Services is a provider of fund administration and accounting, as well as distribution, tax and transfer agency services.
“Bradley, Foster & Sargent’s decision to select Huntington Asset Services to launch its new equity fund speaks to our expanding industry reputation, especially to those who are looking for a comprehensive suite of services and distribution support,” said Joe Rezabek, president of Huntington Asset Services. “We are a turnkey solution for advisors like Bradley, Foster & Sargent who want to concentrate on the investment management of their clients’ assets, as well as on servicing their customers to the highest degree, while leaving back office fund administration and operational services to the experts.”
Huntington Asset Services has more than 40 years of experience in all facets of asset services, including fund administration, fund accounting, transfer agency, shareholder services, custody, distribution, compliance and series trust solutions. This team of professionals has comprehensive knowledge in how to successfully launch a new mutual fund into the marketplace.
“We chose Huntington Asset Services to help us successfully launch the BFS Equity Fund because of their start-up expertise and back office experience in guiding firms like ours through a host of operational and regulatory requirements,” said Robert H. Bradley, president and chief executive officer for Bradley, Foster & Sargent. “Our firm prides itself on being independently owned and able to give each of our clients the individualized time and attention they require to be successful. Utilizing the services of Huntington Asset Services has allowed us to focus on investment research and portfolio management, as well as on delivering superior service to our clients.”
The investment objective of the BFS Equity Fund is long-term appreciation through the growth of principle and income. The Fund will invest primarily in the common stocks of large capitalization U.S. companies, which Bradley, Foster & Sargent believe to be of high quality. The Fund may also invest in similar foreign companies either directly or through American Depository Receipts (ADRs), which are receipts issued by U.S. banks for shares of a foreign corporation that entitle the holder to dividends and capital gains on the underlying security. The BFS Equity Fund may also invest in cash and other cash equivalents. As of December 31, 2013, Bradley, Foster & Sargent had client assets under management of approximately $2.48 billion.
Not FDIC Insured
No Bank Guarantee
May Lose Value
Not a Deposit
Not Insured By Any Federal Government Agency
About Bradley, Foster & Sargent
Bradley, Foster & Sargent is an investment advisory firm providing high-quality, customized investment management services to individuals, families and institutions. Located in Hartford, Connecticut, the firm is independently owned and managed by the principals of the firm. The company’s institutional clients include tax-exempt charitable organizations and retirement plans, which have their own set of requirements involving capital preservation, appreciation and income to fund operations. The size of client relationships generally range from portfolios totaling $1 million to tens of millions of dollars for individuals, trusts, endowments and pension plans.