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John Zader, chief executive officer of UMB Fund Services

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UMB wins record number of new clients in 2010

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UMB Fund Services, a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), added 35 new fund clients in 2010. 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," says 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 organisation – outstanding customer service and quality."

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; and 361º Capital.

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