Payden & Rygel has selected UMB Investment Services Group as its transfer agent. Beginning in September, UMB will serve the investment advisor’s two mutual fund families, Paydenfunds and Metzler/Paydenfunds, which have $2.5 billion in assets. UMB will process applications, maintain records, mail shareholder statements and report investor tax information.

UMB’s transfer agency system uses SunGard’s InvestarOne recordkeeping and PowerImage document imaging and workflow management systems.

"Right from the start of our transfer agency search, UMB was very attentive to identifying ways to meet our unique needs," said Payden & Rygel Senior Vice President Yot Chattrabhuti. "We decided to make the switch from National Financial Data Services (NFDS) because they are a larger service provider, and we felt we were getting a cookie-cutter approach. UMB is more customized and client-focused, and we like their TA system."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.