April 2017- St. Petersburg, FL
Raymond James announced that they reached a deal with UMB Financial Corp (NASDAQ: UMBF) to purchase Scout Investments and its Reams Asset Management division.
According to Investment News RayJay is paying $172 million for Scout Investments and Reams which will become part of Carillon Tower Advisers, a Raymond James asset management firm.
Scout, which is headquartered in Kansas City, MO., was founded in 1982 as a division of UMB.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
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