MILWAUKEE, Jan 16, 2003 (BUSINESS WIRE) -- U.S. Bancorp Fund Services, LLC has
expanded its service offerings to include private investment products such as
investment partnerships and separately managed accounts. The popularity of
private investment products continues to grow and more and more advisors are
including them in their menu of investment offerings. With over three decades of
experience in the mutual fund industry, adding private investment product
services was a natural expansion for U.S. Bancorp Fund Services.
U.S. Bancorp Fund Services has a dedicated team of professionals who understand
the complexities of private investment products and provide a consultative
approach to the day-to-day service requirements. U.S. Bancorp Fund Services
provides a comprehensive package of services for private investment products
that can be tailored to fit each investment advisor's needs. Services include:
Legal and Administration Services, Financial Accounting and Reporting, Investor
Servicing, Tax Compliance, and Custody Services. In addition, as part of one of
the largest financial services organizations in the United States, U.S. Bancorp
Fund Services, provides access to a broad array of trust, banking and investment
Headquartered in Milwaukee, Wisconsin since 1969, U.S. Bancorp Fund Services,
LLC currently provides services to more than 200 fund families, with 812
portfolios and 1,060 fund classes and administers 1.6 million shareholder
accounts with $101 billion in client assets. U.S. Bancorp Fund Services clients
include mutual funds, investment partnerships, hedge funds, separately managed
accounts, fund-of-funds, and offshore funds. It is a subsidiary of U.S. Bancorp.
With assets in excess of $174 billion, U.S. Bancorp is the 8th largest financial
services holding company in the United States. The company operates 2,133
banking offices, approximately 4,680 ATMs, and provides a comprehensive line of
banking, brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. Visit U.S. Bancorp on the
web at usbank.com. For more information about U.S. Bancorp Fund Services, LLC
visit us on the web at usbfs.com.
CONTACT: U.S. Bank Media Relations
Lisa Clark, 608/877-7517
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SOURCE: U.S. Bancorp Fund Services, LLC