Vendor Selection in the New Normal

Recorded On: 10/28/2020

Virtual Site Visit Due Diligence Best Practices 

Join leaders from Ultimus and a panel of industry experts, including trustee, operating officer and general counsel perspectives, for a look at best practices for vendor selection in our new normal. From navigating virtual site visits to enhancing due diligence processes, explore how industry professionals are maximizing the advantages and minimizing disadvantages of virtual vendor selection.

Learning objectives:

  • Best practices for virtual site visits
  • Processes that can augment virtual interactions
  • Board considerations and fiduciary responsibilities 
  • How to move from review to implementation

Who should attend:

Industry professionals managing vendor selection and renewal processes, including fund sponsors, asset managers, board members, c-suite executives, and consulting firms.

This program is sponsored by:


Nicsa is pleased to offer this webinar learning activity to attendees who are seeking CPE credits. 1 CPE unit may be available for attendees of this webinar. The webinar requires no advanced preparation, no pre-requisite study and is appropriate for all who have a basic understanding of the investment management industry.

Nicsa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

CPEs Earned: 1
CPE Field of Study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group-Internet Based
Advanced Preparation: None

Due to this program being offered free of charge, there will be no refunds issued.

Questions or Cancellations: Please contact Jordan DeBettencourt at 508.683.1618.

David James (Moderator)

EVP, Chief Legal & Risk Officer, Ultimus Fund Solutions

As Executive Vice President, Chief Legal and Risk Officer at Ultimus Fund Solutions, David is responsible for the legal aspects for the company’s operations, strategic initiatives and corporate activities. He oversees the Fund Administration and Compliance teams including the overall delivery of legal services to the company’s clients, contractual matters, product development, and support to the company’s executive management team.

David has over 20 years of 1940 Act mutual fund legal experience. Prior to joining Ultimus Fund Solutions in 2018, David served as the head of the legal department at one of the industry’s largest service providers, leading a group of over 50 attorneys and paralegals that provided legal regulatory services to over 60 mutual fund complexes. David spent 15 years at this large service provider and prior to that role, he worked in the legal departments for Fidelity Investments and PNC Global Investment Servicing (US), Inc.

David has served on the NICSA Legal and Regulatory Committee and was a major contributor to an industry publication entitled “Building Investor Confidence: A Guide for Mutual Fund Boards of Directors.” He has also served on industry panels for BoardIQ, Independent Directors Council of the ICI, NICSA, State Street and Boston Financial Data Services.

David entered the financial services industry in 1997 after beginning his legal career as a trial attorney in Boston.

David holds a law degree from Ohio Northern University Pettit College of Law (1995). He also holds a Bachelor of Science in Political Science from East Tennessee State University (1993). He is a member of the Massachusetts and New York Bars.

Steve Yadegari

EVP, Chief Operating Officer and General Counsel, Cramer Rosenthal McGlynn, LLC

Steven A. Yadegari is an Executive VP, Chief Operating Officer and General Counsel of Cramer Rosenthal McGlynn, LLC, a registered investment adviser located in New York. Mr. Yadegari also serves as Chief Legal Officer and Chief Compliance Officer for the CRM Mutual Fund Trust and is a Director of the CRM UCITS PLC. Prior to joining CRM, Mr. Yadegari worked at K&L Gates and before that Proskauer. Mr. Yadegari also has served as Senior Counsel in the Office of the Chief Counsel, Division of Enforcement at U.S. Securities and Exchange Commission and as an Attorney-Adviser in the Division of Market Regulation. He is a frequent contributor to industry conferences and publications. Mr. Yadegari is an adjunct professor at Benjamin N. Cardozo School of Law and teaches in the areas of dispute resolution and negotiation. Mr. Yadegari is a Past President of the Association for Conflict Resolution of Greater
New York, a not-for-profit organization, and is a Past President and former Chairman of the Old Westbury Hebrew Congregation. Mr. Yadegari has received a BA from Brandeis University and earned his JD from the Benjamin N. Cardozo School of Law. Mr. Yadegari has been awarded an honorary Master’s Degree from the CCO University, a division of the Regulatory Compliance Association for which he serves as an advisor and Senior Fellow.

John Detweiler

Managing Partner, ParkLexington Advisors, LLC

John Detweiler is founder and Managing Partner of ParkLexington Advisors, a focused consulting firm for Investment and Fund Managers. For the past 10 years, John and the ParkLexington Team have helped some of the most recognized investment advisors as well as boutique asset managers optimize their operations, banking services and transactions by improving performance, service, scalability, institutional quality and data management all while significantly reducing costs.

Prior to ParkLexington, John has held senior leadership roles at BlackRock, AllianceBernstein and Axa Financial. He serves on the Board of Trustees at Springside Chestnut Hill Academy as
the Treasurer and heads the Assets and Investments Committees. John has a Master of Business Administration in Finance from the Stern College of Business at New York University and a Bachelor of Science in Business from the Smeal College of Business at The Pennsylvania State University.

John lives in Philadelphia with his wife Gail, two teenage kids and a Westie.

Andi Mullins

Independent Trustee, Angel Oak Funds Trust; Valued Advisers Trust

Andi is an independent trustee for the Valued Advisers Trust since 2013 and currently serves as the Chairperson of the board, as well as head of the board’s audit committee.  In 2019, Andi also joined the Angel Oak Family of Funds as an independent trustee.  As a compliance consultant since 2014, she serves as the Chief Compliance Officer for SWM Advisors in St. Petersburg, Florida.  Prior to her current positions, from 1990 until 2010, she served in several accounting and operations positions in the asset management businesses of Raymond James Financial.  In her final position, she was Chief Financial Officer for the Eagle Family of Funds (currently known as Carillon Family of Funds).  Andi holds B.S. degrees in accounting and finance from Florida State University, and is a Certified Public Accountant in Florida.


10/28/2020 at 3:00 PM (EDT)   |  60 minutes
10/28/2020 at 3:00 PM (EDT)   |  60 minutes
11 Questions
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