Beginning August 20, 2022 - Ultimus Fund Solutions will be the Transfer Agent for the Weitz Mutual Funds, providing shareholder record keeping and service.
Concurrent with our transfer to Ultimus, Weitz online account access will also transition to a new portal: uTRANSACT, a state-of-the-art investor portal that delivers an industry-leading experience.
For more information, take a sneak peek at the uTRANSACT portal (video) or review the information provided below.
The site will be available beginning Monday, August 22nd.
Ultimus Fund Solutions - uTRANSACT investor portal preview
FREQUENTLY ASKED QUESTIONS
Who is Ultimus Fund Solutions?
Ultimus is one of the largest independent fund administration providers in the U.S. They are headquartered in Cincinnati, OH, with a transfer agent presence in Omaha, NE. Most important to us, Ultimus is a company that, like Weitz, employs a partnership-driven boutique approach to client service.
What is a transfer agent?A mutual fund transfer agent is an institution that maintains records of shareholder accounts, calculates and disburses dividends, and prepares and mails shareholder account statements, federal income tax information, and other shareholder notices. The transfer agent also provides customer service representatives that answer phone calls or respond to email inquiries concerning investor accounts. The transfer agent must be registered and meet the legal requirements set forth by the Investment Company Act of 1940 and the Securities and Exchange Commission.
Who do I contact with questions regarding my account?
(available Monday-Friday 8:00 a.m. to 4:30 p.m. CST, excluding market holidays)
NEW ADDRESS FOR MAILING CHECKS AND DOCUMENTS
Will I still be able to speak with a Weitz representative?Yes. To ensure prompt response times, both Weitz representatives and Ultimus representatives will respond to shareholder inquiries. However, you may request to speak with, or leave a message for, a Weitz representative at any time.
Will I still be able to meet with a Weitz representative in person?Yes. To schedule an in-person appointment with a Weitz representative, please contact us at 888- 859-0698. The Weitz office remains at One Pacific Place, 1125 South 103rd Street, Suite 200, Omaha, Nebraska 68124.
Will my account number change?No, there will be no change to your account number(s).
Will I have to set up my banking instructions again?If you already have established bank instructions for electronic funds transfer (ACH purchases/redemptions and/or wire redemptions) on file, they will transfer to Ultimus. Note that previous wire purchase instructions will no longer apply, as Weitz’s bank instructions have changed. To add bank information or arrange for a wire purchase, please contact 888-859-0698.
Please note: For your security, any time you add new bank information to your account, there will be a 15-day hold period before the new bank information can be used for a redemption request. As such, we recommend adding bank information so that it’s available when you need it. To add or update bank information or to arrange for a wire transfer (previous wire purchase instructions will no longer apply) to Weitz Funds, please contact us at 888-859-0698.
Will I still receive the same quarterly statement(s)?Quarterly statements and confirmations will change but will continue to provide the same information regarding your mutual fund accounts.
If you have multiple accounts, you may notice a difference in the way your account statements are packaged for mailing. To reduce the number of envelopes mailed to a single address, quarterly statements for accounts with the same mailing address and primary Tax ID will be packaged in a single envelope. Statements for accounts with the same mailing address but different primary Tax IDs cannot be packaged together. For example, if two shareholders living at the same address each have an individual account (SSN1 and SSN2) and also own a joint account with SSN1 listed as the primary Tax ID, quarterly statements will be delivered in two separate envelopes—one containing a statement for the individual account and joint account under SSN1, and the other containing a statement for the individual account under SSN2.
Quarterly statements, confirmation statements, and tax forms are also available online.
Want to reduce the clutter in your mailbox? Sign up for E-delivery. To do so, log in to your online account. Select "Document Delivery Settings" from the menu. Click "Edit" and then select the delivery mode for each document type available. For E-delivery selections, you will receive an email notification any time a new document is available.
Can I still access my account online? (Click here for more details on managing your account online)Yes. You will access your account through a new online portal (uTRANSACT) available via www.weitzinvestments.com by selecting Investor Login. Because this is a new portal for the Weitz Funds shareholders, you will be required to register — your previous login will not carry over to the new portal. To register, you will need to provide the following information: account number, SSN/TIN, email address and zip code.
Here are just a few things you can expect with uTRANSACT:
- Accessible from your mobile device
- Option to “remember my user name” on log in page
- Password “eye” available for many data entries (including authentication code)
- Ability to retrieve your user name or reset your password
- Review your account holdings, balances and transactions
- Review and update bank information and other account options
- Set up individual or systematic transactions
- Review your portfolio's individual rate of return
- Access your required minimum distribution (RMD) for Traditional IRA accounts
- Paperless document delivery options