Huntington Asset Services has been selected by Team Financial Asset Management to administer the adviser's first mutual fund offering, Team Asset Strategy Fund.

Huntington Asset Services, formerly Unified Fund Services, is a subsidiary of Huntington Bancshares, which provides custody services through its Huntington Bank subsidiary.

"The fund will be serviced through Huntington Asset Services' Valued Advisers Trust, which provides investment advisers a platform to quickly launch a mutual fund while meeting all regulatory requirements and offering a full range of customer service support," says Brian L. Blomquist, president of Huntington Asset Services and Huntington Bank senior vice president.

"The Valued Advisors Trust can facilitate multiple funds, offering advisers the economies of scale of an existing mutual fund trust while retaining the full autonomy of the individual fund. Team Financial is a seasoned investment firm with an excellent reputation. We are glad to be adding value for Team Financial by providing a customised solution for what we believe will be a successful investment offering for the firm."

James Dailey (pictured), chief investment officer for Team Financial and co-manager of the newly created fund, adds: "Huntington Asset Services' long track record and mutual fund service solutions provided the best option to bring TeamX to market. The opportunity to work within Huntington Asset Services' turnkey solution to bring our first fund to market proved unbeatable."