Raymond James Financial Inc. and subsidiary Carillon Tower Advisors have completed an acquisition of equity asset manager Scout Investments and its Reams Asset Management division from UMB Financial Corp.
Carillon Tower, an asset management firm specializing in distribution and operational support for independent portfolio management teams, will distribute both Scout and Reams investment products globally. Carillon also includes Eagle Asset Management, ClariVest Asset Management and Cougar Global Investments. Carillon, including Scout and Reams, has more than $64 billion in assets under management and advisement.
Raymond James total assets under management are expected to be $123 billion following the acquisition.