Financial Recovery Technologies Partners with Ultimus Fund Solutions to Provide Clients with Comprehensive Class Action Recovery Program
Ultimus pairs its fund administration and middle office services with FRT’s industry-leading class actions recovery solutions.
MEDFORD, MA JULY 17, 2025 – Financial Recovery Technologies (FRT), the leading global securities class actions recovery provider announced a partnership with Ultimus Fund Solutions (Ultimus), a leading independent provider of comprehensive fund administration, middle office, accounting, and investor solutions.
The new partnership will enable Ultimus to offer its fund administration and middle office investment management clients access to Financial Recovery Technologies class action monitoring, filing, and recovery solutions while leveraging Ultimus’ platform for data onboarding and ongoing support.
Ultimus chose to work with FRT to provide this value-added service because of its industry expertise, in-house and unbiased legal experts, and dedicated service and operations teams around the world. Ultimus noted that this partnership aligns with its goal to transform the cumbersome data management process by delivering a more effective and time saving digital platform.
Paul Wahmann, SVP, Head of Middle Office Services states, “We are pleased to collaborate with FRT in this initiative as this is a natural extension to our fund and middle office service offerings. Registered funds and institutional investors are facing increased complexity when it comes to navigating securities class action filings, and our partnership leverages FRT’s class actions expertise. Pairing that expertise with Ultimus’ scaled fund accounting and investment book of record (IBOR) data will promote operational efficiency by eliminating cumbersome data management processes with a creative way for clients to deliver alpha.”
According to Mike Cotter, President of FRT, shareholder recovery has become more multifaceted than ever: “In today’s environment, effective recovery programs must go beyond traditional securities class actions to include SEC Fair Funds, global group actions, and antitrust cases. At FRT, we’ve prioritized our strategic alliances to help provide our mutual clients with access to FRT’s comprehensive suite of services tailored to these evolving demands.”
Last year, shareholders recouped more than $7 billion from a mix of securities class actions, antitrust cases, and global litigation. New filings and settlements held steady in core U.S. securities class actions, which disbursed $5.8 billion last year, while antitrust cases produced two of the year’s largest distributions overall.
Rob Rynd, Global Head of Strategic Partnerships and Alliances at FRT noted, “As we onboard new clients, it’s clear that missed recovery opportunities and sub-optimal filings are common challenges—especially for complex global institutions like ETF providers. Our consultative, client-centric approach, combined with Ultimus’ middle office and fund admin services, help eliminate data obstacles and streamline claims recovery through a shared commitment to operational excellence.”
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ABOUT FINANCIAL RECOVERY TECHNOLOGIES
Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. Financial Recovery Technologies is a Cross Country Group company (http://www.ccgroup.com). For more information, go to www.frtservices.com.
ABOUT ULTIMUS
Ultimus Fund Solutions (Ultimus) is a leading provider of full-service tech-enhanced fund administration, accounting, middle office, and investor solutions to support the servicing of registered funds, alternative investment funds, such as interval and tender offer funds, private funds, and public plans. The company also offers customized structures designed for the unique needs of pensions, endowments, foundations, and other large institutions. Ultimus’ service offering comes with a deep commitment to excellence, achieved through continuous investments in both talent and technology, with focus on our consultative approach and boutique service culture.
Headquartered in Cincinnati, Ohio with offices in other major cities such as Denver, New York, and Philadelphia, Ultimus employs more than 1,000 seasoned accountants, attorneys, paralegals, application developers, fund administrators, compliance specialists, and many others with years of experience in the financial services industry. Servicing over 1,800 total traditional and alternative funds, Ultimus helps investment managers and fund families flourish in today’s increasingly sophisticated and dynamic investment landscape. For more information, visit www.ultimusfundsolutions.com