Press Release
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Kansas City, MO - April 22, 2010 - Scout Investment Advisors, a subsidiary of UMB Financial Corp. and a national investment management firm, announced today that they have selected the Vestmark platform to support their growing SMA business.
"There is growing demand for Scout's investment expertise and we needed a platform that would support our growth and expansion into separately managed accounts," said Scott Betz, Chief Administrative Officer for Scout Investment Advisors. "Vestmark offers a robust solution that will allow us to ensure our investment strategies are efficiently tailored and applied to each individual investor account."
Vestmark's platform automates many of the labor-intensive processes associated with managed account trading and administration, including order management and compliance, and makes sure that they are done accurately and resourcefully. By selecting Vestmark's state-of-the-art platform, Scout Investment Advisors will benefit from a flexible, web-based solution that helps save them time, money and resources.
About Scout Investments:
Scout Investment Advisors, Inc. is a subsidiary of UMB Financial Corporation. The firm is located in Kansas City, Missouri and adheres to a management philosophy focused on long-term quality investing. Through this approach, specific research methodology and portfolio managers' unique expertise are combined to identify target investments based on the highest standards and criteria. Scout Investment Advisors, Inc. is a responsible, prudent investment organization striving to generate long-term returns and help achieve individual and institutional investors' objectives. Additional information about Scout Investment Advisors, Inc. and its full line of products can be found at www.scout-ia.com.
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About Vestmark
Headquartered in Wakefield, Mass. and founded in 2001, Vestmark is a leading provider of portfolio management solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage customized client portfolios through an innovative technology platform. Supporting over $1.5 trillion in assets and 5.5 million accounts, Vestmark is a partner to some of the largest and most respected wealth management firms. For more information about Vestmark’s solutions, call (781) 224-3640 or visit www.vestmark.com.
Media Contact
Elizabeth Shim
Haven Tower
(424) 317-4861
eshim@haventower.com