UMB appointed custodian by mutual funds manager
08 September 2020 Kansas City
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E-Valuator has selected the institutional custody division of UMB Bank, a subsidiary of UMB Financial Corporation, to administer custody services to its mutual funds.
As the appointed custodian of E-Valuatory’s six risk-managed strategy funds, UMB will provide trade settlement, straight-through securities processing, safekeeping and reporting services.
The funds are designed to help investors meet their goals by optimising returns at different levels of risk based on their specific risk tolerance.
UMB’s institutional custody offering was recently enhanced by integrating Broadridge’s Matrix Financial Solutions’ trading platform, allowing clients to execute mutual fund trade orders from several platforms, as well as to access a broader range of mutual fund investment options.
Amy Small, senior vice president and executive director of institutional custody at UMB Bank, commented: “We are pleased to partner with E-Valuator to provide mutual fund custody services and look forward to supporting E-Valuator’s success by providing high-touch client service and investing in technology that will continually enhance our custody services.”
Kevin Miller, chief investment officer at E-Valuator, added: “This custodial arrangement with UMB and Broadridge’s Matrix Financial Solutions provides the most expansive platform of exchange-traded and mutual funds that we were able to find in the industry.”
As the appointed custodian of E-Valuatory’s six risk-managed strategy funds, UMB will provide trade settlement, straight-through securities processing, safekeeping and reporting services.
The funds are designed to help investors meet their goals by optimising returns at different levels of risk based on their specific risk tolerance.
UMB’s institutional custody offering was recently enhanced by integrating Broadridge’s Matrix Financial Solutions’ trading platform, allowing clients to execute mutual fund trade orders from several platforms, as well as to access a broader range of mutual fund investment options.
Amy Small, senior vice president and executive director of institutional custody at UMB Bank, commented: “We are pleased to partner with E-Valuator to provide mutual fund custody services and look forward to supporting E-Valuator’s success by providing high-touch client service and investing in technology that will continually enhance our custody services.”
Kevin Miller, chief investment officer at E-Valuator, added: “This custodial arrangement with UMB and Broadridge’s Matrix Financial Solutions provides the most expansive platform of exchange-traded and mutual funds that we were able to find in the industry.”
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