UMB Financial plans to acquire mutual fund servicer Sunstone Financial...

UMB Financial plans to acquire mutual fund servicer Sunstone Financial Group. Terms were not disclosed. The companies will combine some mutual fund processing operations and create an integrated provider of mutual fund back-office services including custody, cash management, transfer agency, administration, fund accounting, underwriting, distribution, marketing and shareholder communications. UMB, also a provider of mutual fund services, will move administration of its own Scout Funds family and those of external clients to Sunstone, which will retain its name and operate separately.