In a deal that will more than double its assets under management, Scout Investment Advisors, a Kansas City, Mo., unit of UMB Financial, announced Thursday it signed a definitive agreement to buy Reams Asset Management of Columbus, Ind.

Reams, which has more than $9.8 billion in fixed-income assets, works with institutional clients, including Fortune 500 companies, large public pension funds, Taft-Hartley plans, healthcare organizations and universities, foundations and endowments.

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