Scottsdale, AZ N Scottsdale Rd Office

UMB Financial Services, Inc. provides advisory and brokerage services to a broad client base that includes individuals, trusts, retirement plans, institutions and municipal entities. Its wrap-fee Managed Account Solutions program comprises multiple options — FMAX, UMB Fund Advisor, UMB Advisor Select and an Institutional Fixed Income Program — and the firm is registered as a broker-dealer, SEC-registered investment adviser and municipal advisor.

The firm’s onboarding and portfolio construction process uses a documented suitability review and risk-tolerance questionnaire to place clients into model-based strategies, with FMAX and Fund Advisor managed on a discretionary basis while the Advisor Select option is explicitly non-discretionary and requires client consent for trades. UMBFSI uses the FMAX platform (FIWA/Envestnet overlay) and clears through National Financial Services for many accounts, while UMB Investment Management (an affiliate) builds and manages Fund Advisor model portfolios and the Institutional Fixed Income Program.

The brochure highlights a set of features that differentiate UMBFSI from many enterprise peers: it is affiliated with a bank (UMB Bank, n.a.), its investment management and fixed-income practices align with UMB Bank’s Fixed Income Group (including municipal bond rating, residency and issuer controls), and it operates as a municipal advisor in addition to advisory and broker-dealer roles. The firm also reports a mix of account types skewed toward non-discretionary arrangements and, by its public filings, does not show the same emphasis on high‑net‑worth or corporate/business client concentrations that many similar enterprise advisers report.