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UMB adds five new clients in Q1

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UMB Fund Services, Inc (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), has added five new clients in the first three months of 2011.

Two clients added in the first quarter have mutual funds that have joined the Investment Managers Series Trust co-sponsored by UMBFS and Mutual Fund Administration Corporation. Two clients are receiving hedge fund services through UMBFS’ alternative investments division, JD Clark & Company. One new client is receiving custody services through UMBFS’ affiliate, UMB Bank, n.a.

Clients added in the first quarter include: Alpha Capital Management; Union Street Partners, LLC; CCM Opportunistic Advisors; Palmer Square Capital Management LLC; and WCM Investment Management.

The continued growth in new clients follows on the heels of two record years of growth for UMBFS.

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