News & Events

Fundserv version 28 completed

Prometa has completed UAT testing of the version 28 release, set for the weekend of June 8, 2018.

$10B Mark Reached for Assets Under Administration

Prometa Fund Support Services Inc. (“Prometa”) has eclipsed the $10B mark for Assets Under Administration. “Most of the growth in the past year has been from our existing customers.  We believe it is a testament as to why we encourage funds to move to Prometa as their Fund Services Provider”, says Mike Kalic, VP &… View Article

Prometa Joins IFIC

The Investment Funds Institute of Canada (IFIC) is pleased to announce that Prometa Fund Support Services Inc. has joined IFIC as an affiliate. “On behalf of our board and growing membership, I am pleased to welcome Prometa Fund Support Services Inc.,” said Joanne De Laurentiis, IFIC’s president and CEO. “IFIC is the only trade association… View Article

Fundserv version 26 release update

Prometa has completed UAT testing of the version 26 release, set for June 13, 2016. “We’ve completed internal testing, and testing with a few dealers from the industry”, says Mike Kalic, VP and COO of Prometa Fund Support Services Inc. “We can usually make annual Fundserv release changes to our software in 2 to 4… View Article

Prometa doubles Assets Under Administration. Now at $8B

Prometa Fund Support Services Inc. (“Prometa”) completes another large scale conversion.  “This is our largest conversion to date, in terms of dollars and transaction history”, says Mike Kalic, VP & COO of Prometa. “The interesting thing about this particular conversion is that it was done with zero involvement from the relinquishing service provider. We worked diligently… View Article

Prometa reaches $4B in Assets Under Administratrion

Prometa Fund Support Services Inc. (“Prometa”) continues to build on their success.  “We are experiencing a large amount of conversions from our competitors”, says Mike Kalic, VP & COO of Prometa. “The most common theme we are hearing is that their current provider is not able to adapt their systems to comply with the fund… View Article

Prometa is moving!

“Due to our rapid growth, we’ve out grown our original location, which has now become a bit cramped.”, says George Asprey, President of Prometa Fund Support Services Inc.  “We’re now sitting with a team of fourteen and can no longer make our current location work. We’re moving to an office tower at 155 Carlton Street… View Article

Prometa is ready for testing Fundserv v25

Prometa Fund Support Services Inc. (“Prometa”) has completed its changes for the Fundserv v25 release. Should you want to participate in industry testing with one of Prometa’s manufacturer codes. Do not hesitate to contact us.

Prometa Eclipses $2B in Assets Under Administration

Prometa Fund Support Services Inc. (“Prometa”) is experiencing unprecedented growth with over $2 billion in assets under administration.

Prometa is Fundserv v23 (FATCA) Ready

Prometa Fund Support Services Inc. (“Prometa”) announced that all systems have been updated for the changes affected by FATCA (Foreign Account Tax Compliance Act), set for November 18, 2013. “We’re way ahead of schedule in completing our upgrades for this mid-year release. I think our customers will be satisfied that Prometa didn’t go down the… View Article

What customers are saying

  • Invico Capital Corporation (“Invico”) has been working with Prometa Fund Services Inc. (“Prometa”) since 2008.  At the time, we made the decision to work with Prometa as they are also a Western based, entrepreneurial company and we felt that they could help Invico meet the needs of servicing our investors.  Invico has been extremely pleased with the quality of service that we have received from Prometa over the past seven years.  Prometa is very responsive to our needs and is able to customize their services to ensure our needs are met in the most efficient and cost effective manner.  I would not hesitate to recommend Prometa to other organizations that are looking for fund services.

    Allison Taylor, CEO, Invico Capital Corporation

  • Prometa Fund Services has been instrumental in expanding our sales network. The staff is professional and knowledgeable about all aspects of FundSERV and the fund industry. Since launching Magenta III Mortgage Investment Corporation on the FundSERV network we’ve experienced substantial growth. Prometa has made our FundSERV initiative a tremendous success.

    Gavin Marshall, CEO, Magenta Mortgage Corp.

  • We approached Prometa three years ago to explore the possibility of transacting our exempt market product through the FundSERV platform.  Working with Prometa has allowed us to expand our distribution network, improve visibility into our capital pipeline and bring structure to the subscription timeline that has benefited both us and our dealer partners.  Prometa has exceeded my expectations with their exceptional response times, professionalism and ability to successfully navigate the fast pace of change in the exempt market.

    Jon Herman, Chief Financial and Operating Officer, KV Capital Inc.

  • Prometa Fund Services Inc. has played an important role in the continuing success of the SaskWorks Venture Fund Inc. Since we began working with Prometa in 2003, we have experienced a level of service that far exceeds our prior backoffice. The fact that this service is provided to us at a cost less than our previous provider allows us to not only provide great service to our shareholders but put more dollars back in their pockets through a lower MER.

    Randy Beattie, President & CEO, SaskWorks Venture Fund Inc.