The deal is valued at approximately C$280 million and Sun Life is committing $400 million to launch SLC Management alternative products for the US retail market.
Steve Peacher, president, SLC Management, explained that the firm has seen a sustained increased in demand for alternatives from the high- and ultra- net worth markets, seeking new sources of yield and total return.
“We’ve been looking to enter into the retail distribution segment for some time now,” he added. “Adding AAM to our platform allows us to extend our set of world class alternative investment capabilities to new clients and expands the roster of investment solutions that AAM can offer to the US financial advisor market.”
Best-in-class
AAM oversees assets of approximately C$55 billion (at July 31, 2022) and has a team of more than 270 professionals across 10 offices in eight states.
The business was founded around 40 years ago and CEO Scott Colyer says he sees significant opportunity to expand in the alternative investments space.
