ACA Group to acquire the broker-dealer distribution business of UMB Fund Services.

ACA Group, a governance, risk, and compliance advisor, agreed to acquire the broker-dealer distribution business of UMB Fund Services, a registered and alternative investment fund services provider. Financial terms were not disclosed. “This transaction supports our efforts to focus on our core competencies and continue strategically growing our fund administration, fund accounting and transfer agency business. We will continue to service many of these clients through our core lines of business and look forward to maintaining and growing those relationships. We are confident our clients will have a smooth and seamless transition for distribution services through both UMB’s and ACA Foreside’s continued focus on delivering best-in-class service,” Maureen Quill, UMB Fund Services Executive Vice President.