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Our Guiding Principles

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What is true today, was true 103 years ago when our organization was formed. Doing what is right, and serving the needs of those that choose our company, have always been our guiding principles. From 1887 when William T. Kemper started as an assistant cashier at the Rufus Crosby Valley Falls Bank of Deposit in Kansas, banking has been in our blood.

Five generations later we are still passionate about those founding principles, and every day we strive to deliver on our value of providing the unparalleled customer experience. Our journey started more than a century ago as the City National Bank. As we build on what came before, we honor our past as we shape our future.

Check out this video, and watch for more posts that share an inside look at our history, culture, people and business approach.

 

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UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company 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.



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UMB Insights: Jim Boyle Dairy

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Jim’s passion is cows. He says the happier the cow, the tastier the milk. His family dairy in Arizona is one example of why we’re passionate about agribusiness.

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UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company 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.



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UMB: Insights – Financial Advice for Millennials

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Do young people really need a financial advisor? Phil shares why you DO need one as you move into adulthood. His advice is to:

  • Work with a financial advisor.
  • Establish a plan and put it in place.
  • Work toward achieving it!

Learn more in this continuation of our UMB: Insights series.

 

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Mr. Phillip Klevorn is a Regional Manager for UMB Private Wealth Management. He is responsible for Private Wealth Management in the St. Louis Region. He joined UMB in 2015 and has 22 years of experience in the financial services industry.



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Secrets to getting college scholarships

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New seniors–your final summer of high school is upon you. As you find that perfect balance between working long hours at your summer job AND fitting in plenty of relaxation and fun memories, don’t forget to prioritize getting as many college scholarships as possible. Even the most tedious application is worth it if it saves you on future student loans.

Parents and younger students (as young as kindergarten!), take notes, too.

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UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company 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.



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UMB: Insights – Common Questions for Wealth Advisors

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UMB Industry Insights

We’re continuing our UMB: Insights series by talking to a few of our wealth advisors about questions they hear all the time from their clients.

  • Am I going to be able to live in retirement the way I live today?
  • What kind of healthcare can I afford?
  • How can I maximize that and minimize taxes? How do I pass that on to the next generation tax-efficiently?

If you find yourself asking any of these questions, it’s probably time to meet with a wealth advisor.

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UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company 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.



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UMB: Insights – When to Engage a Wealth Advisor

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UMB Industry Insights

Belinda explains why you should start talking to a wealth advisor. They can help you see the big picture, set your priorities and customize your plans accordingly.

Learn more in this continuation of our UMB: Insights series.

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UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company 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.



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The presidential election and the stock market

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Stocks always react differently during an election cycle. A piece of advice we give clients is to look for election-neutral stocks. Hear some of my thoughts on how stocks are performing this year from a recent visit to CNBC studios and read more below.

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Elections matter, but do they predetermine a bear‡ or bull market on Wall Street?

If history teaches us anything, there is one thing investors can count on during an election year, and that’s an upcoming period of uncertainty in the markets. The year promises to be interesting on multiple fronts—and while the candidates are busy making the case for why they should be elected, we wanted to get to the bottom of one question: How does a presidential election affect returns in the stock market?

Market Returns and the Four-Year Presidential Cycle

We all know the market dislikes uncertainty and it doesn’t matter what causes the uncertainty. Political uncertainty is no exception. Going back to 1900, we categorized each calendar year of market returns into one of four categories: the election year, the first year, the second year and the third year of the presidency. We discovered the third year in office was the best performing and the election year had the most uncertainty.

Stocks have struggled in the first half of historic election years, no doubt due to the uncertainty of the election and what a new president may mean to the economy and the markets. Typically, the market struggles early in the year when the political theater is at its highest, with numerous candidates still in the running. Consequently, the bottom of the market is linked to the timing associated with determining a clear winner. A few examples make the point: In 1996, President Clinton’s second term was not in question and the market only suffered a minor correction of 5 percent. In 2004, there was more uncertainty. Incumbent George W. Bush, running for a second term, was in a tight race with John Kerry. That year the market established a bottom in August. This graph illustrates the two races.

S&P 500 1996 vs. 2004

The bottom line: Expect volatility whenever you see uncertainty, but as this pertains to election cycles, it usually clears up quickly.

Political Rhetoric

As politicians campaign, they need to gain the voters’ attention. When the discussion turns to sectors and industries, markets react—sometimes temporarily or sometimes longer-term. In any case, the impact is seldom as bad as the language being used.

A perfect example of this is the Affordable Care Act. This legislation was signed into law on March 23, 2010. Initially, there was massive uncertainty as employers and investors analyzed and interpreted the new law. In 2010, the S&P Health Care Index was up a mere 0.7 percent, managed care increased 8.3 percent and the S&P 500 was up 12.8 percent. As I previously mentioned, this market reaction proved temporary as the positive financial impact of the Affordable Care Act began to assert itself on the companies’ bottom lines. So looking at the next 12 months, returns reversed. In 2011, the S&P Health Care Index was up a stellar 10 percent, managed care increased an impressive 32.9 percent and the S&P 500 was up only 2.1 percent.

Democrat or Republican?

In the long run, markets are driven by economic fundamentals that trickle down to corporate earnings. In the short run, noise can influence markets. The data suggests that elections would be classified as noise.

We went back to 1900 and analyzed which political party in the White House produced the best returns in the stock market. Over this long period of time, Democrats won this contest, producing an average return of 7.9 percent. Republicans produced a return of only 3.0 percent.

DEMOCRAT OR REPUBLICAN:
MARKET RETURNS
POLITICAL POWER GAIN/ANNUM % OF TIME
Democratic President 7.9 47.2
Republican President 3.0 52.8
Democratic President, Congress Split 10.1 3.3
Republican President, Congress Split -4.2 10.6

I concede that this is a naïve way to analyze the data; however, the answer to the question of which party is best for the markets is inconclusive. I presented this data to a group of investors and a Republican asked if the returns would be different if I lagged returns by a year. The question has merit and does change the results dramatically as the outcome would be completely opposite.

It becomes difficult to assign market returns to a specific president. For years, we have experienced mounting debt, an increase in terrorist threats and easy monetary policy. As these issues flare up, they either positively or negatively affect the market. So is it fair to say the current president is totally responsible?

Is This Time Different?

This election may be different. This year we have a candidate who represents the establishment and a candidate who represents the anti-establishment.  I’m fairly confident that not all of the actions and policies touted by the candidates would be a good thing for the markets. Keep in mind that what a candidate says they will do during a campaign is typically not what they will do once in the oval office. A candidate’s goal is to excite the voter base, increase voter turnout and gain a political advantage.

And, remember: the president must work with Congress to get things done. In 2017, the president will not have a free hand. If we have a Democrat in the White House, there is a good chance we will have a Republican Congress. If we have a Republican president, he will have to deal with two experienced and successful leaders, Mitch McConnell and Paul Ryan, individuals who will not subordinate their policy views.

The Long and Short of the Matter

 

Elections are important on many fronts, but as far as markets are concerned there is a short-term effect and a long-term effect.

The only thing we can say conclusively about the market data is that prior to an election, markets tend to trade flat with higher volatility. After the election, the market has consistently delivered stronger returns.

In the long-run, the market’s preference for one political party over another is unclear. The data is clunky and incredibly sensitive to modest adjustments.

I would caution against using every statement and policy suggestion made by the candidates as a tool for guiding investment decisions. Rather, understand what history has taught us and refrain from making long-term decisions based on short-term emotions.

 

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.

 

UMB Investment Management is a division within UMB Bank, n.a. that manages active portfolios for employee benefit plans, endowments and foundations, fiduciary accounts and individuals. UMB Financial Services, Inc.*  is a subsidiary of UMB Financial Corporation. UMB Financial Services, Inc is not a bank and is separate from UMB Bank, n.a.

This content is provided for informational purposes only and contains no investment advice or recommendations to buy or sell any specific securities. Statements in this report are based on the opinions of UMB Investment Management and the information available at the time this report was published.

All opinions represent our judgments as of the date of this report and are subject to change at any time without notice. You should not use this report as a substitute for your own judgment, and you should consult professional advisors before making any tax, legal, financial planning or investment decisions. This report contains no investment recommendations and you should not interpret the statements in this report as investment, tax, legal, or financial planning advice. UMB Investment Management obtained information used in this report from third-party sources it believes to be reliable, but this information is not necessarily comprehensive and UMB Investment Management does not guarantee that it is accurate.

All investments involve risk, including the possible loss of principal. Past performance is no guarantee of future results. Neither UMB Investment Management nor its affiliates, directors, officers, employees or agents accepts any liability for any loss or damage arising out of your use of all or any part of this report.

“UMB” – Reg. U.S. Pat. & Tm. Off. Copyright © 2016. UMB Financial Corporation. All Rights Reserved.

Securities offered through UMB Financial Services, Inc. Member FINRA, SIPC or the Investment Banking Division of UMB Bank, n.a.

*Insurance products offered through UMB Insurance Inc.

You may not have an account with all of these entities.

Contact your UMB Representative if you have any questions.

* Securities and Insurance products are:

Not FDIC Insured  ▪  No Bank Guarantee  ▪  Not a Deposit  ▪  Not Insured by any Government Agency  ▪  May Lose Value

 


K.C. Mathews joined UMB in 2002. As executive vice president and chief investment officer, Mr. Mathews is responsible for the development, execution and oversight of UMB’s investment strategy. He is chairman of the Trust Investment, Asset Allocation and Trust Policy Committees. Mr. Mathews has more than 20 years of diverse experience in the investment industry. Prior to joining UMB, he served as vice president and manager of the portfolio management group at Bank of Oklahoma for nine years. Mr. Mathews earned a bachelor’s degree from the University of Minnesota and a master’s degree in business administration from the University of Notre Dame. Mr. Mathews attended the ABA National Trust School at Northwestern University and is a Chartered Financial Analyst and member of the CFA Institute. He is past president of the Kansas City CFA Society and a past president of the Oklahoma Society of Financial Analysts.



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UMB: Insights – Culture

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What makes UMB stand out from other organizations? Our leadership shares what they believe makes us special in this continuation of our UMB: Insights series.

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UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company 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.



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reStart, Inc. supports veterans

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Veterans Day – Only in America

We live in the greatest country on the planet. Why? Because we were founded by strong-willed dreamers who were tired of persecution and being told by decree that they had to stay in the class they were born into for the rest of their days.

The U.S. was founded on the principals of freedom, opportunity and the rights of individuals. And over the years, these values and principals have been hard fought, more so than most of us can truly understand or comprehend. Many of us don’t know or don’t reflect enough on just how lucky we are and how sacred these values are to our core. Over the years, much blood, sweat and tears have been shed to protect this great land of ours.

And for those reasons and so many more, we salute the very people — our veterans — who risk the most and understand at the deepest level just how great the country really is and what it takes to keep it this way for the rest of us dreamers.

So tomorrow, Veterans Day 2015, is for you — our veterans and military families — dream keepers and flag bearers of this great nation.

We salute you.

Mariner Kemper

 

reStart Kansas City

UMB strives to honor veterans every day, but November 11 is the day that our country sets aside to recognize the men and women who have sacrificed for our freedom. We’re particularly excited about the work that an organization in Kansas City is doing right now. reStart was one of the 2015 UMB Big Bash beneficiaries, using the funds for the Supportive Services for Veteran Families (SSVF) program. UMB’s Veterans Engagement Taskforce (VET) is also involved with reStart’s veteran mentorship program.

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“One of the biggest helps they were able to give me has been a mentor, and it’s been through their help that I’ve been able to have a better life today and a brighter future for tomorrow.”

Below, read more from one of the mentors, James Carlile, who is a financial analyst at UMB and also a veteran. He shares what compelled him to become a mentor and the results he’s seen from the program.

At one of our VET meetings, Robin Johnson, head of reStart’s SSVF, mentioned that she had several veteran clients in her program that were really wanting to turn the corner and make a sustainable transition away from the homelessness cycle and into self stability. What they needed, and what reStart’s limited staffing and resources could not always provide, was personal encouragement. Our VET group jumped all over this and began to work on a plan in which our additional contribution would be the love, guidance and support of UMB veteran associates.

Robert Durham - veteran and reStart clientI really had little idea what to expect when I initially met with Robert Durham. All I knew was that he wanted and needed someone who would take the time to listen, help him think through his issues and concerns, and offer encouragement and motivation in the face of very real and very persistent adversity. I could tell he genuinely wanted to improve himself, and he didn’t have anyone else to help him with a strategy on doing so. I was fortunate in my transition from the military to have a loving and supportive family that was there for me unconditionally through some very choppy times. Robert did not have that family support, and although I knew I could not solve his issues for him, I could provide him a level of consistency, positivity and encouragement.

Robert and I meet every six weeks at his subsidized one room efficiency apartment. We eat sandwiches, and talk intensely about how he is feeling, what he is working on, the status of his distant relationships with his family, and keeping him focused on his goals. I’ve learned just how difficult it is for those caught in the crisis cycle to make that change, even when the will is present and pure. Even though we do spend ample time discussing basic professional and life skills, our primary goal together is deliberate emotional support. Robert is currently working on his insurance licensing through the financial support of reStart. His ultimate goal through the vehicle of self sustainability is to mend his fractured relationship with his children and to be the father and example he knows he should be. My role in this is nothing compared to what Robert will have to overcome to get there, but whatever bit of guidance or encouragement I can impart on him I consider a humbling privilege when it impacts the outcome of his quality of life.

 

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.

 


UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company 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.



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Third quarter 2015 earnings explained

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We released our third quarter 2015 earnings  recently, and our Chief Financial Officer is here to share the highlights.

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Mr. Walker is the Chief Financial Officer and Chief Accounting Officer at UMB Financial Corporation. He joined UMB in 2007. He earned a Business Administration (Accounting) degree at Kansas State University and his Masters of Business Administration degree at Rockhurst University. In addition to his involvement with several community and charitable organizations, he is also the treasurer for the Big Bash Foundation, a not-for-profit foundation focused on providing financial assistance and increasing visibility for local not-for-profit organizations.



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