ACA Group to acquire UMB Fund Services' broker-dealer distribution business

May 30, 2024•about 1 year ago

Acquiring Company

ACA Group

Acquired Company

UMB Fund Services

New York

Kansas CitySoftwareFinancial ServicesFinanceFinancial Services

Description

ACA Group has announced its intent to acquire the broker-dealer distribution business from UMB Fund Services, a subsidiary of UMB Financial Corporation. This acquisition aims to expand ACA's distribution division, ACA Foreside, by incorporating asset management clients with mutual fund, exchange-traded fund (ETF), and closed-end fund products. The transaction is expected to close in the fourth quarter of 2024.

Company Information

Company

ACA Group

Location

New York, New York, United States

About

ACA Group (ACA) is the leading governance, risk, and compliance (GRC) advisor in financial services. We empower our clients to reimagine GRC and protect and grow their business. Our innovative approach integrates advisory, managed services, distribution solutions, and analytics with our ComplianceAlpha® technology platform with the specialized expertise of former regulators and practitioners and our deep understanding of the global regulatory landscape. For more information, visit www.acaglobal.com.

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Post-acquisition investment

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