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UMBF UMB Financial Corporation

83.575
1.02 (1.23%)
Last Updated: 18:52:32
Delayed by 15 minutes
Share Name Share Symbol Market Type
UMB Financial Corporation NASDAQ:UMBF NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.02 1.23% 83.575 83.41 83.57 83.575 82.125 83.40 130,034 18:52:32

UMB Financial Corporation Announces Continuing Partnership with Prairie Capital Management Principals

13/01/2015 2:30pm

Business Wire


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UMB Financial Corporation (Nasdaq: UMBF) announced today that it has entered into long-term employment agreements with the principals of Prairie Capital Management LLC (Prairie Capital). Key principals include Brian Kaufman, Curtis Krizek and Rob Schneider, Andy Klocke, Michael Gentry and Tim Hattey.

Started in 1995 and acquired by UMB in 2010, Prairie Capital operates a national asset and wealth management practice serving a diverse client base including high net worth individuals, family offices, trusts, foundations and endowments, corporations and plan sponsors. The Prairie Capital team provides objective institutional-quality investment advisory services, using a multi-manager approach on an open architecture platform, as well as unique proprietary funds and other investment offerings designed for its high net worth clients.

“Since 2010, we have been fortunate to continue to experience growth in our business through the loyalty of our many long-term clients and their referrals, our investment success and the support and reputation of the UMB organization,” said Brian Kaufman, a managing director at Prairie Capital. “We are all excited to continue this partnership with UMB, and remain focused on providing our clients unique investment opportunities and strategic investment advice.”

As of Sept. 30, 2014, Prairie Capital manages $3.5 billion in assets – more than double since the acquisition.

“The addition of Prairie Capital almost five years ago to the UMB family of asset management offerings has proven to be extremely successful,” said Peter deSilva, president and chief operating officer of UMB Financial Corporation. “I am pleased that the Prairie Capital leadership team will be remaining with us as we continue to provide the finest investment products, advice, access and service available in the marketplace today for high net worth individuals, families and institutions.”

About UMB

UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors. For more information, visit umbfinancial.com, umb.com, blog.umb.com or follow us on Twitter at @UMBBank, Facebook at facebook.com/UMBBank and LinkedIn at linkedin.com/company/umb-bank.

About Prairie Capital Management

Prairie Capital Management LLC is an asset management and wealth management consulting firm headquartered in Kansas City, Mo., and is registered with the United States Securities and Exchange Commission ("SEC") as an investment adviser under the Investment Advisers Act of 1940. The firm serves clients in more than 25 states from its three offices in Kansas City, Chicago and Philadelphia. For more information, visit www.prairiecapital.com.

UMB Financial CorporationMedia Contact:Kristin Kovach, 816-423-6131kkovach@barkleyus.comorInvestor Relations Contact:Abby Wendel, 816-860-1685Abigail.Wendel@umb.com

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