UMB Fund Services Adds Seven New Clients in Second Quarter
July 28 2011 - 7:44AM
Business Wire
UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial
Corporation (NASDAQ: UMBF), announced today that it added seven new
clients in the second quarter of 2011.
Clients added in the second quarter include:
- Center Coast Capital Advisors, LP
- Dblaine Disciplined Fund
- Denver Investments
- Lending Club
- North American Shale Investment
Fund
- PW Portfolio
- Towle & Company
Five new clients are receiving hedge fund services through
UMBFS’ alternative investments division, JD Clark & Company.
One of these is participating in the recently introduced
Registered Fund Solutions program, the industry’s first
turnkey solution for launching and servicing a registered hedge
fund.
As for the other two new clients, one is receiving services from
the company’s recently acquired Managed Account Solutions
division, while the other is receiving custody services through
UMBFS’ affiliate, UMB Bank, n.a.
About UMB Fund Services
Headquartered in Milwaukee, Wis., UMB Fund Services 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. For the past two years, the company has been named one of
the top 10 midsize employers 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 $12.4 billion in banking assets,
headquartered in Kansas City, Mo.
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