News | 09.06.22
Sun Life’s $255 Billion Alternatives Arm Takes Aim at U.S. Wealthy
Sun Life Financial’s alternative-asset firm sees the potential to raise “tens of billions” of new investment from high-net-worth Americans after its deal to buy a majority stake in Advisors Asset Management (AAM). SLC Management, which oversees about $255 billion of assets, is buying a 51 percent stake in AAM for about $214 million and will make it SLC’s U.S. retail distribution arm. The deal gives SLC a way to expand beyond its current customer base of institutional investors and sell products directly to wealthy Americans.
Read the full article on Bloomberg