SLC Management, the fixed income and alternatives asset manager of Sun Life Financial, has agreed to acquire a majority stake in Monument, Colorado-based Advisors Asset Management, a provider of solutions to financial advisors, investment advisors and broker-dealers.
According to terms of the deal, Canada’s Sun Life will acquire a 51 percent stake in AAM for $214 million (about C$280 million), subject to customary adjustments with a put/call option to acquire the remaining 49 percent starting in 2028.
