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Sun Life Completes Majority Acquisition Of Advisors Asset Management

PUBLIC · SLFFeb 01, 2023

Acquiring Company

Sun Life Financial

Acquired Company

Advisors Asset Management

CanadaFinancial ServicesHealth CareFood And BeverageFinanceConsultingInsuranceFinancial ServicesFinanceAngel Investment

Description

Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) ("Sun Life") today announced the completion of its acquisition of a 51%1 stake in Advisors Asset Management, Inc. ("AAM"), a leading independent U.S. retail distribution firm. AAM will be part of SLC Management, Sun Life's institutional fixed income and alternatives asset manager. AAM will become the U.S. retail distribution arm of SLC Management.

Quick answer

Sun Life Financial is acquiring Advisors Asset Management, announced February 1, 2023. Sun Life Financial is based in Canada.

How much did Sun Life Financial pay for Advisors Asset Management?
The deal value was not disclosed.
What does Sun Life Financial do?
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients.
Where are Sun Life Financial and Advisors Asset Management based?
Sun Life Financial is based in Canada.
Who are the decision-makers at Sun Life Financial?
Fundz holds 3 contacts at Sun Life Financial. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Financial Services and Food And Beverage

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Sun Life Financial

Location

Canada

About

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.

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Frequently asked

Who acquired Advisors Asset Management?

Advisors Asset Management was acquired by Sun Life Financial, based in Canada. The deal was reported on February 1, 2023. Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life Financial is publicly traded (SLF) and operates in Financial Services.

When did Sun Life Financial acquire Advisors Asset Management?

Sun Life Financial's acquisition of Advisors Asset Management was reported on February 1, 2023. Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) ("Sun Life") today announced the completion of its acquisition of a 51%1 stake in Advisors Asset Management, Inc. ("AAM"), a leading independent U.S. retail distribution firm. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Advisors Asset Management do?

For over 40 years, AAM has been a trusted resource for financial advisors and broker/dealers. It is privately held, operating in Financial Services.

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