UMB Fund Services Wins Record Number of New Clients in 2010

UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), announced today that it added 35 new fund clients in 2010.

John Zader, CEO UMB Fund Services (Photo: Business Wire)

This is the largest number of clients the company has added in a single year, and follows on the heels of the previous record year.

The Investment Managers Series Trust, co-sponsored by UMBFS and Mutual Fund Administration Corporation, accounted for 13 of these new clients, while UMBFS’ alternative investments division, JD Clark & Company, gained 15 clients for the year. Seven new clients are serviced by UMBFS’ mutual fund office.

"We are extremely pleased with the number of new clients who have selected us in 2010,” said John Zader, chief executive officer of UMBFS. "Having two consecutive years of record client growth is a tribute to the strong capabilities and hard work of our associates. We are committed to maintaining our focus on what our clients value most in our organization – outstanding customer service and quality.”

Q4 Results

For the fourth quarter of 2010, UMBFS added eight new fund clients. The company is providing mutual fund and IRA services to six new clients, four of whom have mutual funds that have joined the Investment Managers Series Trust. The other two new clients are receiving hedge fund services through JD Clark & Company.

New clients added in the fourth quarter include:

• American Independence Funds
• Center Coast Capital Advisors, LP
• Computershare Investor Services
• Gottex Fund Management
• Ironclad Investments LLC
• Sustainable Growth Advisers, LP
• 361º Capital

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 $190 billion. In May 2010, the company was named the top midsize employer in southeastern Wisconsin by the Milwaukee Journal Sentinel. UMB Financial Corporation, 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.

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