Raymond James To Buy UMB Units

4/21/2017

Raymond James agreed to buy two investment businesses from UMB Financial Corp. for $172.5 million, adding about $27 billion in assets under management (AUM). Scout Investments and Reams Asset Management will become wholly owned subsidiaries of Raymond James’s Carillon Tower Advisers, the St. Petersburg, Florida-based company said Thursday in a statement. Reams is a fixed-income