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Ultimus Fund Solutions

Engaged Employer

Owned by Private Equity and It Shows - Legal Ultimus Fund Solutions Employee Review

2.0
Jun 7, 2023
Recommend
CEO approval
Business Outlook

Pros

There are good people there. They ditched Anthem BC/BS to go with United Healthcare. Didn't know how good I had it with UHC until I used Anthem. It was probably a money thing but it's still better. In the dept. I work in, both the managers and the support people are supportive and team oriented (with a small number of glaring exceptions) but in the end, the senior managers are not in a position to deliver on things like comp, training, or workload.

Cons

It is fairly obvious that the private equity owners use reverse cost accounting. That is, they decide what profit margin they need to have and then work backward from there. So you can imagine what that does to headcount and comp, when personnel is one of you biggest cost categories. If you lose a few good people to competitors, so be it. The turnover is ridiculous. As others have indicated, training is literally non-existent, unless weird management development courses are your thing. But your chances of becoming management are very low. Zero substantive or procedural training of any kind. The pay and bonuses are way below industry norm. Lowest 401(k) match I've ever been associated with.

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Ultimus Fund Solutions Response
1y
Thank you for taking the time to share your feedback. We're pleased to hear that you found our teams helpful and supportive. HR does encourage the management team to complete trainings and we offer several specific managerial trainings as well. We have taken steps to address turnover rates specifically after the pandemic. This includes enhancing our recruitment process to ensure a better fit between candidates and our company culture, as well as providing ongoing support and professional development opportunities for our team members, stay interviews, roundtables, etc. Additionally, we conduct thorough exit interviews to gain deeper insight into the reasons behind departures, which has allowed us to implement meaningful changes that have improved associate satisfaction and retention. As far as growth goes, we have Career Pathing for each department and set/discuss personal work goals for all Year End Performance reviews. We appreciate the time you spent providing this feedback and if you should have any questions or concerns, please do not hesitate to contact HR@UltimusFundSolutions.com

Explore other reviews about Ultimus Fund Solutions

5.0
Oct 8, 2025
Recommend
CEO approval
Business Outlook

Pros

I really enjoyed working at Ultimus Fund Solutions.

Cons

There was no process documentation. Everything is word of mouth.

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Ultimus Fund Solutions Response
3mo
Thank you for your feedback. We are pleased to hear that you enjoyed working at Ultimus. We value our associates and our culture, and we remain committed to continuously strengthening both. Regarding processes, we encourage our teams to regularly review and update them as we adapt to change, and will be sure to forward your valuable feedback to the managerial teams. We appreciate you taking the time to share your feedback. If you have any questions or additional concerns, please do not hesitate to contact us at HR@UltimusFundSolutions.com.
4.0
Mar 12, 2026
Recommend
CEO approval
Business Outlook

Pros

Great culture, advancement opportunities, and nice pto package

Cons

Work a lot of hours

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Ultimus Fund Solutions Response
3w
Thank you for sharing your feedback. We’re pleased to hear that you value our culture, advancement opportunities, and PTO offerings, these are areas we intentionally invest in to support our associates’ well being and career growth. In terms of hours worked, as we are an accounting-focused firm in the client service business, we are at times faced with unexpected requests which require additional hours, but in comparison to public accounting or similar work, we do not have mandatory weekends or set mandatory busy season hours. We appreciate the time you spent providing this feedback and if you should have any questions or concerns, please do not hesitate to contact HR@Ultimusfundsolutions.com
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