UMB Fund Services Wins 20 New Clients in 2011

UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), announced today that it added 20 new clients in 2011.

Eleven of the new clients are receiving mutual fund services from UMBFS and/or its affiliate, UMB Bank, n.a.; five of these have mutual funds that have joined the Investment Managers Series Trust, co-sponsored by UMBFS and Mutual Fund Administration Corporation. UMBFS’ alternative investments division, JD Clark & Company, gained seven clients for the year, while two new clients are being serviced by the Managed Account Solutions unit of UMBFS.

“We are pleased that 20 new clients elected to come on board with us in 2011,” said John Zader, chief executive officer of UMBFS. “The last three years have been the biggest in our history in terms of new clients, and we’re grateful for the trust they have placed in us. We will continue to enhance the strong suite of services we now offer for nearly every type of investment a manager may choose to offer.”

Fourth Quarter Results

In the fourth quarter of 2011, UMBFS added five new clients:

Aristotle Capital Management, LLC
Queens Road Funds
FPA Funds
Nottingham Investment Administration
Vericimetry Advisors LLC

Four of these are mutual fund clients; one has a mutual fund that has joined the Investment Managers Series Trust. Nottingham Investment Administration has chosen to refer its clients to UMBFS’ affiliate, UMB Bank, n.a., for custody services.

Also during the quarter, the company began servicing 12 additional funds for existing clients. These include:

Advisor

Fund

●

361º Capital

361º Long/Short Equity Fund

●

361º Capital

361º Managed Futures Strategy Fund

●

Chartwell Investment Partners, LP

Chartwell Value Opportunities, L.P.

●

Euro Pacific Asset Management, LLC

EP Latin America Fund

●

FCA Corp.

Africa Fund – Commonwealth International Series Trust

●

M&I Investment Management Corp.

BMO Dividend Income Fund

●

M&I Investment Management Corp.

BMO Monegy High Yield Bond Fund

●

M&I Investment Management Corp.

BMO Pyrford Global Strategic Return Fund

●

M&I Investment Management Corp.

BMO Pyrford International Stock Fund

●

Payden & Rygel

Payden Emerging Markets Local Bond Fund

●

Towle & Co.

Towle Deep Value Fund

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 approximately 200 clients with combined assets of over $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 $13.5 billion in banking assets, headquartered in Kansas City, Mo.

UMB Financial (NASDAQ:UMBF)
Historical Stock Chart
From May 2024 to Jun 2024