Advisors Asset Management (AAM) is to become the distributor for several Rothschild Asset Management separately managed accounts (SMAs), including Rothschild's US Large-Cap Core, US Large-Cap Value and US Balanced strategies.
This agreement expands the scope of the existing partnership between AAM and Rothschild. In March, AAM became the sub-advisor for the fixed-income component of Rothschild's US Balanced SMA strategies, and agreed to perform the administrative and back-office functions for these portfolios. The prior accord also enabled AAM to distribute Rothschild's US Balanced SMAs. The new agreement will expand AAM's distribution and operations functions to include Rothschild's US Large-Cap Core and US Large-Cap Value strategies. Rothschild will continue to serve as investment manager for the two large-cap strategies and the investment advisor to the Balanced strategy with AAM acting as the sub-advisor for the fixed income portion.
"Building on the creation of three smart beta UITs in March, this agreement marks an important milestone in AAM's strategic partnership with Rothschild," says AAM Chief Executive Officer Scott Colyer. "We are thrilled to partner with such a distinguished global asset management firm and be recognised for our national distribution model and leading back-office capabilities. We look forward to growing our relationship with Rothschild."
"From a distribution perspective, AAM is an ideal partner for SMA and UIT distribution because of the firm's long-standing relationships with financial advisors across multiple channels. In addition, AAM's reliable and proven back-office operations make the firm a natural fit for our US Large-Cap SMA accounts," says Rothschild Asset Management Chief Executive Officer Mike Woods (pictured). "AAM will be a great long-term partner for us as we continue to expand our footprint in the US marketplace."