UMB Fund Services’ Multiple-Series Trust Surpasses $5 Billion
MILWAUKEE -- July 11, 2013
UMB Fund Services, Inc. (UMBFS) announced that the Investment Managers Series
Trust (IMST) surpassed the $5 billion mark in net assets in May, doubling the
trust’s assets in less than a year.
The IMST, which was started in late 2007, has grown rapidly in recent years.
Assets reached $2 billion in March 2012, $3 billion in September 2012, and $4
billion in February 2013.
“Achieving the $5 billion milestone is largely a testament to the quality of
the advisors in the IMST,” said John Zader, CEO of UMBFS and president of the
IMST. “Those who have joined and worked with us for the past few years are
starting to show solid growth in their assets, and many are in the process of
launching additional funds. It’s gratifying to be a partner in their success.”
The IMST is a turnkey program that enables managers to launch and operate a
mutual fund quickly and cost-effectively, while benefiting from the expertise
of the trust’s board and service providers. It is offered through a
partnership between UMBFS and Mutual Fund Administration Corporation, a
California-based firm specializing in multiple-series trust administration.
About UMB Fund Services
UMB Fund Services, headquartered in Milwaukee, Wis., offers a complete line of
products and services to the fund industry, including administration, fund
accounting, distribution, investor services and transfer agency; custody
services through UMB Bank, n.a.; and alternative investment services through
JD Clark & Company. It currently serves more than 200 clients with combined
assets of more than $172 billion as of May 31, 2013. For the past four years,
the company has been named one of the top 10 midsize employers in southeastern
Wisconsin by the Milwaukee Journal Sentinel. UMB Financial Corporation
(NASDAQ: UMBF), the parent company of UMBFS, is a financial services holding
company with more than $14.9 billion in banking assets, headquartered in
Kansas City, Mo.
About Mutual Fund Administration Corporation
Mutual Fund Administration Corporation is a mutual fund administration
services company specializing in fund formation and administration services.
The company’s principals have provided hands-on fund administration services
to well over 300 mutual funds since 1990, including four successful
multiple-series trusts composed of approximately 200 separate funds.
UMB Fund Services
Steve Wujek, 816-423-6214
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