Scout Investments

What Scout Investments does

Scout Investments is a US-based institutional asset management firm operating as a wholly owned subsidiary of Raymond James Investment Management (itself a subsidiary of Raymond James Financial, NYSE: RJF). The firm manages approximately $38.21 billion in total assets under management as of March 31, 2026, organized across two divisions: the Scout Investments equity division in Kansas City (managing $3.80B, anchored by the Mid Cap Equity Strategy) and the Reams Asset Management fixed income division in Indianapolis (managing $34.41B). Scout's investment process combines bottom-up fundamental research on mid-sized companies with proprietary discounted earnings valuation models and a top-down macro overlay, targeting long-term capital appreciation with less than commensurate risk relative to the Russell Midcap Index over three-to-five-year cycles.

The firm generates revenue primarily through asset-based management fees charged as a percentage of AUM across separate account strategies and sub-advisory mutual fund mandates. Disclosed product-level fees include 0.80% per annum for the Scout Mid Cap Equity Strategy and 0.85% for Scout Small Cap Equity. Distribution runs through dedicated institutional sales teams serving defined benefit plans, defined contribution/401(k) plans, foundations, endowments, and consultants, alongside a sub-advisory relationship with the Carillon Tower Family of Funds for 401(k) and defined benefit plan access. The firm is SEC-registered (since 2001) and has been part of the Raymond James platform since its November 2017 acquisition, with team members typically holding CFA designations and averaging over two decades of financial industry experience.

Founded in 1982 as Scout Funds within UMB Bank, the firm became an independent subsidiary of UMB Financial Corporation in 2009, was renamed Scout Investments in 2010, and acquired Reams Asset Management the same year to build its fixed income franchise. The 2017 acquisition by Raymond James Investment Management consolidated the firm under a larger public financial services parent, with the Reams fixed income book now representing roughly 90% of total AUM. Headcount is reported at 101-250 employees, with offices in Kansas City (headquarters) and Indianapolis (Reams). No specific institutional client logos, revenue figures, or AUM growth trends are disclosed in available materials.

Name

Scout Investments

Legal name

Scout Investments, Inc.

Website

https://scoutinv.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

101–250 employees

Short description

Scout Investments is a US institutional asset manager and wholly owned subsidiary of Raymond James Investment Management, managing $38.21B AUM across equity (Scout) and fixed income (Reams) strategies for pensions, 401(k) plans, and consultants.

Ownership category

akta.pro rank

Product category

Institutional Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Small-Cap Equity (Active) (FSAAAIAC)

akta.pro secondary industry

Equity Mutual Funds (Active) (FSAAAEAA)

Keywords

• Institutional asset management
• Active equity management
• Fixed income strategies
• Mutual fund sub-advisory
• Retirement plan investing

Headquarters

HQ city

Kansas City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Asset Management Fees: Management fees charged as a percentage of assets under management (AUM) across equity and fixed income strategies. Total AUM of $38.21 billion as of March 31, 2026, with Scout Equity managing $3.80 billion and Reams Fixed Income managing $34.41 billion. The firm offers separate account investment strategies and sub-advises mutual funds for retirement plans.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Scout Investments is an institutional asset management firm that manages active equity and fixed income investment strategies for institutional clients, defined benefit/defined contribution plans, and sub-advisory mandates. The firm offers separately managed accounts (notably the Scout Mid Cap Equity Strategy) and sub-advises mutual funds, charging management fees as a percentage of assets under management ($38.21B total AUM as of March 31, 2026).

Product overview

Scout Investments is an institutional asset management firm that operates as a wholly owned subsidiary of Raymond James Investment Management. The firm offers a suite of investment strategies through two main divisions: (1) Scout Investments equity division providing equity strategies including the Scout Mid Cap Equity Strategy (totaling $3.80 billion in equity AUM as of March 2026), and (2) Reams Asset Management fixed income division managing $34.41 billion in fixed income strategies AUM. Additionally, Scout sub-advises mutual funds for retirement plans, which have been reorganized into the Carillon Tower Family of Funds. The firm targets institutional investors, consultants, and sub-advisory clients with actively managed equity and fixed income investment products.

Differentiator

Problem solved

Functional benefit

Brands

• Reams Asset Management: Fixed income division of Scout Investments, headquartered in Indianapolis, Indiana, managing Fixed Income Strategies AUM of $34.41B.

Products and services

• Scout Mid Cap Equity Strategy Actively managed domestic equity strategy that seeks long-term growth of capital with the goal of consistently outperforming the Russell Midcap Index throughout a full market cycle (three to five years) with less than commensurate risk. The strategy employs bottom-up research on attractively valued, high-quality mid-cap companies with company-specific or macro catalysts. Available to institutional investors via separate accounts.
• Reams Asset Management Fixed Income Strategies Fixed income investment strategies offered through Scout's Indianapolis-based Reams Asset Management division for institutional investors, managing $34.41 billion in fixed income AUM as of March 2026 across separate account mandates.
• Mutual Fund Sub-Advisory Services (Scout Funds / Carillon Tower Family of Funds)

Quantifiable outcome

• 3-Year Alpha of 5.88% vs Russell Midcap Index
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and former.

• Carillon Tower Family of FundscoreChannel Partner/ Reseller/ DistributorThe Scout Funds have been reorganized into the Carillon Tower Family of Funds. Scout sub-advises mutual funds for 401(k) and defined benefit plans through this distribution channel, serving institutional clients and individual investors.
• UMB Distribution Services, LLCformerChannel Partner/ Reseller/ DistributorUMB Distribution Services, LLC was associated with Scout Funds during the period when Scout was a subsidiary of UMB Financial Corporation. This is a historical relationship no longer active following the 2017 acquisition.

Scale indicators10 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Fred Alger Management: Active U.S. small/mid cap equity manager with concentrated, research-driven strategies. Direct comparable to Scout's Mid Cap and Small Cap Equity strategies, and notably the prior employer of Scout Senior Investment Analyst Brian Shim (joined Scout in 2024).
• Eagle Asset Management: Active U.S. small and mid cap equity manager that is a sister subsidiary of Raymond James Investment Management — overlapping distribution, parent, and product category with Scout's equity strategies.
• Westwood Holdings Group: Public asset manager offering U.S. large, small, and SMID cap value equity strategies for institutional clients, with a similarly research-intensive, value-tilted process. Comparable peer in institutional small/mid cap equity.
• Pzena Investment Management: Public active equity manager specializing in deep-value U.S. and global strategies, with significant institutional mid/small cap exposure. Comparable in fundamental, valuation-driven mid/small cap equity institutional offering.
• Nicholas Investment Partners: Boutique active equity manager focused on U.S. small and mid cap strategies for institutional and intermediary clients. Closely comparable in product mix, target client base, and active research-led process.

Broad incumbents

• Wellington Management: Large, established private investment manager offering active equity strategies across U.S. mid cap and small cap, plus multi-asset solutions. Competes with Scout in institutional mid cap equity and 401(k) sub-advisory mandates.
• T. Rowe Price: Public global asset manager with flagship U.S. mid cap and small cap equity strategies, plus active fixed income. Direct competitor for institutional retirement plan sub-advisory and consultant-led mandates.
• Voya Investment Management: Large multi-affiliate asset manager offering active fixed income, equity, and multi-asset strategies for institutional and retirement plan clients. Comparable to Scout across both fixed income and equity strategies, including sub-advisory to retirement plans.
• Western Asset Management: Large, established active fixed income manager historically associated with the Legg Mason/Franklin Templeton platform, serving global institutional clients. Closest scale-comparable peer to Reams' $34.41B core/core-plus fixed income franchise.
• Loomis, Sayles & Company: Active fixed income and multi-asset manager owned by Natixis Investment Managers, serving institutional clients with core and credit fixed income strategies. Comparable to Reams in institutional fixed income capability and consultant-driven distribution.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scout Investments