Business

UMB unit sees record gain in clients

UMB Fund Services, a subsidiary of bank holding company UMB Financial, said today that in 2010 it added the largest number of clients in one year.

The company said it added 35 fund clients, including American Independence Funds, Center Coast Capital Advisors, Computershare Investor Services and Gottex Fund Management. The UMB unit offers a variety of administrative and accounting services to the mutual fund industry.

It's the company's second consecutive record year for adding new clients.

"Having two consecutive years of record client growth is a tribute to the strong capabilities and hard work of our associates," said John Zader, CEO of UMBFS, in a news release.

  Comments