UMB Financial Corporation Announces Continuing Partnership with Prairie Capital Management Principals
January 13 2015 - 9:30AM
Business Wire
UMB Financial Corporation (Nasdaq: UMBF) announced today that it
has entered into long-term employment agreements with the
principals of Prairie Capital Management LLC (Prairie Capital). Key
principals include Brian Kaufman, Curtis Krizek and Rob Schneider,
Andy Klocke, Michael Gentry and Tim Hattey.
Started in 1995 and acquired by UMB in 2010, Prairie Capital
operates a national asset and wealth management practice serving a
diverse client base including high net worth individuals, family
offices, trusts, foundations and endowments, corporations and plan
sponsors. The Prairie Capital team provides objective
institutional-quality investment advisory services, using a
multi-manager approach on an open architecture platform, as well as
unique proprietary funds and other investment offerings designed
for its high net worth clients.
“Since 2010, we have been fortunate to continue to experience
growth in our business through the loyalty of our many long-term
clients and their referrals, our investment success and the support
and reputation of the UMB organization,” said Brian Kaufman, a
managing director at Prairie Capital. “We are all excited to
continue this partnership with UMB, and remain focused on providing
our clients unique investment opportunities and strategic
investment advice.”
As of Sept. 30, 2014, Prairie Capital manages $3.5 billion in
assets – more than double since the acquisition.
“The addition of Prairie Capital almost five years ago to the
UMB family of asset management offerings has proven to be extremely
successful,” said Peter deSilva, president and chief operating
officer of UMB Financial Corporation. “I am pleased that the
Prairie Capital leadership team will be remaining with us as we
continue to provide the finest investment products, advice, access
and service available in the marketplace today for high net worth
individuals, families and institutions.”
About UMB
UMB Financial Corporation (Nasdaq: UMBF) is a diversified
financial holding company headquartered in Kansas City, Mo.,
offering complete banking services, payment solutions, asset
servicing and institutional investment management to customers. UMB
operates banking and wealth management centers throughout Missouri,
Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas.
Subsidiaries of the holding company include companies that offer
services to mutual funds and alternative-investment entities and
registered investment advisors that offer equity and fixed income
strategies to institutions and individual investors. For more
information, visit umbfinancial.com, umb.com, blog.umb.com or
follow us on Twitter at @UMBBank, Facebook at facebook.com/UMBBank
and LinkedIn at linkedin.com/company/umb-bank.
About Prairie Capital
Management
Prairie Capital Management LLC is an asset management and wealth
management consulting firm headquartered in Kansas City, Mo., and
is registered with the United States Securities and Exchange
Commission ("SEC") as an investment adviser under the Investment
Advisers Act of 1940. The firm serves clients in more than 25
states from its three offices in Kansas City, Chicago and
Philadelphia. For more information, visit
www.prairiecapital.com.
UMB Financial CorporationMedia Contact:Kristin Kovach,
816-423-6131kkovach@barkleyus.comorInvestor Relations Contact:Abby
Wendel, 816-860-1685Abigail.Wendel@umb.com
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