Answers to

Frequently Asked Questions

Answers to common questions about our recent acquisition by UMB Financial Corporation

What has occurred?

In late 2014, UMB Financial Corporation signed an agreement to acquire Marquette Financial Companies, which includes Marquette Asset Management. The transaction closed on May 31, 2015.

Who is UMB?

A full-service financial partner, UMB Financial Corporation (NASDAQ: UMBF) is a century-old financial institution delivering comprehensive banking, asset management, institutional asset management and payment solutions to commercial, institutional and personal clients at more than 100 branches across eight states.

The foundation of UMB’s business practices and culture remains the satisfaction of our clients, and we continue to make business decisions based on relationships—by doing what is right, not what is easy or popular. We navigate by our core principles of honesty and integrity to set the course for measured, steady and stable growth that our clients and communities can rely on.

UMB’s subsidiaries include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.

Am I now doing business with UMB?

Marquette Asset Management is now a subsidiary of UMB Financial Corporation. You will still receive the same high level of customer service you are accustomed to receiving from the delivery team you have been working with. Every attempt will be made to minimize any impact on you.

How are Marquette Asset Management and UMB a good match?

Marquette and UMB have much in common, and the most successful acquisitions result when complementary cultures and values are brought together. In addition to our mutual dedication to focusing on our customers. Both Marquette Financial Companies and UMB were founded by enterprising families, and we will continue to do business with the ethics, strength and determination embodied by family-owned organizations. The Pohlad family is now a significant minority UMB shareholder.

Marquette and UMB are a great financial fit, meaning we have similar approaches to business and complementary balance sheets. Beyond financial compatibility, Marquette and UMB are also a cultural fit, which is one of the most exciting facets of this acquisition. The similarity of our business cultures includes corporate values that focus on customer service, associate care and retention, and commitment to community involvement.

How will I benefit from this UMB acquisition?

As we work through the integration process, Marquette Asset Management will benefit from an expanded suite of products and a larger resource team. UMB’s asset management offerings include private banking, investment management services, trust and lifestyle management, and insurance services as the four “pillars of strength.”

These solutions provide Marquette Asset Management customers with extended wealth management choices that range from charitable trust management to long-term care insurance, and from construction financing to fine art and collectibles management. Specifically, UMB’s private banking products—which include mortgage loans, premium checking and savings accounts, and custom credit management solutions—can be beneficial to Marquette Asset Management clients.

Will I still work with the same team?

Yes. Your Marquette Asset Management relationship team will remain that same. You will also receive introductions to additional resources from UMB that can benefit you, as deemed appropriate by your relationship team.

Will my fees change?

No. The fee structure for Marquette Asset Management clients will not change. In the future you will be notified if any fee changes are planned in line with standard business practices.

Will my trust account change?

If you have a trust account with Marquette Asset Management, trust powers will be held with UMB Bank, n.a.

With more than 90 years of trust experience, UMB offers extensive services including management of charitable trusts, probate administration and private foundations, as well as unique assets like mineral interests.

Will I have to move my Charles Schwab account?

You will not need to move your Charles Schwab account unless you have a trust account. Investment management accounts will remain with the current custodian.

Who can I talk to if I have questions?

If you have questions about this transition, please do not hesitate to contact us.