Scout Investment Advisors acquires Reams Asset Management Company
December 01 2010 - 9:30AM
Business Wire
Scout Investment Advisors (Scout), a subsidiary of UMB Financial
Corporation (NASDAQ: UMBF), announced today that it has completed
its acquisition of Reams Asset Management Company (Reams), an
investment management firm based in Columbus, Ind. As of November
26, 2010, combined assets under management total $19.8 billion.
Reams manages more than $9.9 billion in fixed income assets and
serves a diverse group of institutional clients, including Fortune
500 corporations, large public pension funds, health care
organizations and a variety of universities, foundations and
endowments. The Reams organization provides extensive experience
and possesses a core competency in the management of fixed income
products.
“Fixed income represents a key strategic growth area,” said Andy
Iseman, chief executive officer of Scout Investment Advisors. “The
addition of Reams and their expertise in fixed income investing
complements Scout’s existing equity product offerings, including a
well-known International strategy, and demonstrates our commitment
to providing a diversified array of top-tier investment options to
the institutional marketplace.”
As previously announced Reams will operate as a division of
Scout Investment Advisors and remain in Columbus, Ind. The firm’s
leadership team will continue to manage the business in their
current roles and provide the fixed income solution for Scout. The
investment process and philosophy guiding the existing strategies
will also remain unchanged.
“We are excited to join Scout Investment Advisors,” said Dave
McKinney, president of Reams Asset Management Company. “Over the
years, Reams has built a reputation for expertise in fixed income
investments and this partnership brings additional breadth and
scale to our organization. The combined strengths of our firms will
allow us to deliver a comprehensive investment lineup to the
institutional marketplace.”
Berkshire Capital served as exclusive financial advisor to Scout
on this transaction.
About Scout Investment Advisors
Scout Investment Advisors, Inc., a subsidiary of UMB Financial
Corporation, is an institutional investment management firm that
offers an array of investment management services for institutional
separate accounts and mutual funds through a stable of wholly-owned
institutional asset managers. Equity solutions in domestic large
cap, mid cap, small cap, international, international small/mid-cap
and global equity portfolios are offered through Scout Investment
Advisors. Fixed income products in core plus, core, intermediate,
long duration, low duration, absolute return and real return (TIPS)
are offered through Reams Asset Management.
Additional information about Scout Investment Advisors, Inc. and
its full line of products can be found at www.scout-ia.com.
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