Ownership stake · Activity not yet classified
Advisors Asset Management, Inc.
Transaction overview
Reported completed
Exact closing date not established.
Sun Life reported completing its acquisition of a 51% stake in Advisors Asset Management on a fully diluted basis. The agreement was announced in September 2022; the exact closing date was not disclosed. An option concerning the remaining ownership interests was scheduled to become available in 2028.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- Press Releases ↗
Official firm website · Published Feb 1, 2023
Sun Life reported completing its acquisition of a 51% stake in Advisors Asset Management on a fully diluted basis. The agreement was announced in September 2022; the exact closing date was not disclosed. An option concerning the remaining ownership interests was scheduled to become available in 2028.
- Press Releases ↗
Official firm website · Published Sep 1, 2022
September 1, 2022 conditional agreement for Sun Life to acquire 51% of AAM for US$214 million, subject to adjustments. The separate product-launch commitment was not acquisition consideration.