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- Seller
- Buyer
- Type
- Date Announced
- Seller AUM
- Reams Asset Management Company
- Scout Investment Advisors , subsidiary of UMB Financial Corporation
- Institutional Advisor
- September 2, 2010
- $9.8 Billion
Seller Details
Reams manages more than $9.8 billion in fixed-income assets and serves a diverse group of institutional clients, including Fortune 500 corporations, large public pension funds, Taft-Hartley plans, health care organizations and a variety of universities, foundations and endowments. The Reams organization provides extensive experience and a core competency in the management of fixed-income products.
Buyer Details
Scout Investment Advisors, Inc., a subsidiary of UMB Financial Corporation, is a national investment management firm that offers investment management services for both managed accounts and mutual funds. Scout Investment Advisors' investment capabilities include domestic large cap, mid-cap, small cap and fixed income. Scout Investment Advisors also offers international, international small/mid-cap and global equity portfolios.
Transaction Summary
Scout Investment Advisors (Scout), a subsidiary of UMB Financial Corporation (UMBF 33.18, +1.30, +4.08%), has signed a definitive agreement for the acquisition of substantially all of the assets of Reams Asset Management Company (Reams), an investment management firm based in Columbus, Ind. The transaction is expected to close in the fourth quarter of 2010 and is expected to more than double Scout's existing assets under management.
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