KANSAS CITY, Mo.--(BUSINESS WIRE)--
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 Corporation
Media Contact:
Kristin Kovach,
816-423-6131
kkovach@barkleyus.com
or
Investor
Relations Contact:
Abby Wendel, 816-860-1685
Abigail.Wendel@umb.com
Source: UMB Financial Corporation