Advisors Asset Management (AAM) has entered into a strategic partnership with Rothschild Asset Management, the US asset management arm of Rothschild.
The deal will combine AAM’s national distribution model with Rothschild’s investment management capabilities.
Earlier, AAM, which managed about $15.8bn in assets as of 31 December 2015, has teamed up with investment managers including KKR Asset Management, Shenkman Capital, Bahl & Gaynor Investment Counsel and Hartford Investment Management.
Commenting on the new deal, AAM CEO Scott Colyer said: "Since the founding of AAM in 1979, we have grown our business by partnering with market participants that occupy distinctive positions and offer unique value to investors and advisors. The partnership with Rothschild is consistent with this operating philosophy."
Rothschild Asset Management CEO Mike Woods added: "Through our partnership with AAM, we are continuing to build a preeminent asset management business in North America. AAM’s exceptional distribution support and robust suite of innovative solutions makes the firm an ideal partner as we continue to expand our presence in the U.S. marketplace."