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UMB BANK AND KIDDER, PEABODY OFFER ASSET MANAGEMENT SERVICE

 UMB BANK AND KIDDER, PEABODY OFFER ASSET MANAGEMENT SERVICE
 NEW YORK, June 9 /PRNewswire/ -- UMB Bank and Trust Company today announced the creation of a joint venture with Kidder, Peabody Asset Management Inc. to offer investors a unique private asset management service. Called UMB-Kidder Select, the service provides the benefits of professional portfolio management to investors with $200,000 or more to invest.
 The service is made available through the UMB Asset Management, Ltd., a subsidiary of UMB Bank and Trust Company. A Kidder, Peabody and Co. Incorporated subsidiary, Kidder Peabody Asset Management, Inc., (KPAM) directs the investments.
 "Current market conditions dictate the obtaining professional money management is no longer a luxury; it's a necessity," said David Kimche, UMB Bank and Trust Company president. "UMB-Kidder Select combines UMB's private banking style with KPAM's portfolio management expertise. This fusion of capabilities provides qualified investors with performance and personal service."
 The service offers portfolio customization as well as direct ownership of individual securities. Unlike a mutual fund, investment decisions are not influenced by the unpredictable cash flows of a pooled account.
 In consultation with a UMB private banker, a UMB-Kidder Select client can determine investment strategy; exclude certain industries, stocks, or foreign securities; select income payments, and choose the type of money market fund to hold cash balances.
 Investors interested in UMB-Kidder Select should contact UMB Vice President J. Peter Hans at 212-765-3472.
 -0- 6/9/92
 /CONTACT: Jonathan Braun of UMB Bank and Trust, 914-241-8777/ CO: UMB Bank and Trust Company ST: New York IN: FIN SU: JVN


LR-OS -- NY003 -- 8225 06/09/92 09:01 EDT
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Publication:PR Newswire
Date:Jun 9, 1992
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