Raymond James Acquires Scout Investments and Reams Asset Management

December 15, 2017

On November 20, 2017, Raymond James Financial, Inc. announced it had acquired Scout Investments and its Reams Asset Management division from UMB Financial Corp.

Raymond James Financial, Inc. (“Raymond James”) and its subsidiary Carillon Tower Advisers (“Carillon”) acquired Scout Investments (“Scout”) and Reams Asset Management (“Reams”) from UMB Financial Corp. (“UMB”). Pursuant to the agreement, Scout will join Carillon as a wholly-owned subsidiary, and Carillon will distribute Scout and Reams investment products. The terms of the deal were not disclosed.

Raymond James (NYSE: RJF), founded in 1962, is a financial services company, specializing in banking, capital markets, financial planning, investment advisory, and asset management. Carillon is a global asset management firm. As of September 30, 2017, the acquisition is expected to increase Raymond James’ total assets under management to approximately $123 billion.

Scout, headquartered in Kansas City, is an equity asset manager, founded in 1982, as a division of UMB (NASDAQ: UMBF), a financial services holding company.

Reams is a fixed income investment management firm and a division of Scout. As of September 30, 2017, Scout and Reams have a combined $27 billion in assets under management and advisement.

To read the press release: please click here.


Investment Manager M&A, Mutual Fund M&A, Transactions