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.

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