UMB Fund Services, Inc., announced that its Managed Account Solutions (UMB-MAS) operation has been selected to service the separately managed accounts (SMAs) of two new clients.

  • Denver Investments has chosen UMB-MAS for business processing support of its approximately 2,000 SMAs and Model Managed Accounts involving 18 different sponsor programs. The UMB-MAS solution will automate many of the labor-intensive processes associated with managed account trading and administration, ensuring a high standard of accuracy and efficiency. The solution will fully support Denver's SMA wraps in the traditional manner, as well as use model delivery to sponsors offering unified managed account (UMA) platforms.
  • Transparent Value Advisors, LLC, is in the early stages of expanding and growing its offering of SMAs. UMB-MAS is partnering with Transparent Value Advisors to help build this business through consultation, support, and insight into best practices. The complete end-to-end solution will allow for a highly scalable platform while automating and eliminating many manual processes.

UMB-MAS offers complete middle- and back-office services for managed accounts, including sponsor connectivity, performance calculations, accounting, portfolio manufacturing, model management and delivery, and the benefits of a transparent, real-time, web-based platform - all within a highly compliant environment.

Jasper Frontz, vice president-compliance for Denver Investments, said, "As we added sponsors over the years, our internal processes had become increasingly complicated. We needed a way to outsource the work associated with our wrap business and to get everything on one system. UMB impressed us with both their comprehensive system and their knowledgeable, experienced team."

UMB-MAS was acquired by UMB Fund Services in July 2010 as part of the company's strategy to provide services for the full range of products an investment manager might offer.

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 and fund accounting, investor services and transfer agency, marketing and distribution; custody services through UMB Bank, n.a.; alternative investment services through JD Clark & Co.; and managed account services. It currently serves more than 195 clients with combined assets of more than $200 billion. For the past two 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 $12.4 billion in banking assets, headquartered in Kansas City, Mo.

About Denver Investments

Denver Investments began providing investment management services in 1958. As of December 31, 2011, it had assets under management of $9.3 billion. A private firm focused exclusively on investment management services, the Denver-based company now employs nearly 100 professionals. For more information, please visit www.denvest.com.

About Transparent Value Advisors

Transparent Value Advisors, LLC, was established in 2003 with a dedicated goal: seeking to deliver sustainable investment returns across global equity markets by introducing a new way to measure the equity value of publicly traded companies. Utilizing patent-pending processes and innovative technology, the Transparent Value Advisors investment methodology aims to provide investors with risk-adjusted returns by fusing the insights of fundamental analysis with the transparency of a disciplined, rules-based stock selection and portfolio construction process. In May 2009, Guggenheim Partners, LLC, acquired a controlling interest in Transparent Value Advisors and its subsidiaries. For more information, please visit www.transparentvalue.com.

UMB Fund Services
Contact Steve Wujek, 816-423-6214
or
Lonnie Macdonald, 414-299-2111