UMB Fund Services–Managed Account Solutions to Service SMAs for Scout Investments

UMB Fund Services, Inc. (UMBFS) announced today that its recently acquired Managed Account Solutions (UMB-MAS) operation has been appointed to service the growing separately managed account (SMA) business of Scout Investments, Inc. (Scout). Scout is the investment management subsidiary of UMB Financial Corporation (NASDAQ:UMBF), which is also the parent company of UMBFS.

“The decision to turn over our SMA servicing to UMB-MAS was a fairly easy one,” said Andy Iseman, chief executive officer of Scout Investments. “They make life much simpler for the investment manager, with their state-of-the-art technology, well-defined operational processes, and compliance capabilities. Meanwhile, we can devote our energies to what we do best.”

UMB-MAS offers complete middle- and back-office services for managed accounts, including sponsor connectivity, performance calculations, accounting, portfolio manufacturing, and the benefits of a transparent, real-time, web-based platform – all within a highly compliant environment.

Scot Knight, senior vice president of UMB-MAS, said, “We are happy to be working with the people of Scout. The addition of their business further broadens our client base, while enabling Scout to more efficiently manage its SMA business. It’s a win-win for both of our operations – and for UMB as a whole.”

UMB-MAS was acquired by UMBFS in July 2010 as part of the company’s strategy to provide services for the full range of products an investment manager might offer.

About UMB Fund Services

UMB Fund Services, headquartered in Milwaukee, Wis., offers a complete line of products and services to the fund industry, including administration and fund accounting, investor services and transfer agency, marketing and distribution; custody services through UMB Bank, n.a.; alternative investment services through JD Clark & Co.; and managed account services. It currently serves more than 180 clients with combined assets of more than $200 billion. In May 2010, the company was named the top midsize employer in southeastern Wisconsin by the Milwaukee Journal Sentinel. UMB Financial Corporation (NASDAQ: UMBF), the parent company of UMBFS, is a financial services holding company with more than $11.6 billion in banking assets, headquartered in Kansas City, Mo.

About Scout Investments

Scout Investments, Inc., headquartered in Kansas City, Mo., offers equity and fixed income investment management strategies for separate accounts and mutual funds through high-quality institutional asset managers. Domestic large cap, mid cap, small cap, international, international small/mid-cap, and global equity portfolios are offered through Scout Investments. Fixed income portfolios in core plus, core, intermediate, long duration, low duration, absolute return and real return (TIPS) are offered through Scout’s fixed income division, Reams Asset Management. Scout is the investment management subsidiary of UMB Financial Corporation (NASDAQ: UMBF). Additional information can be found at www.scoutinv.com.

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