MONUMENT, Colo., Sept. 20, 2016 /PRNewswire/ -- Advisors Asset Management (AAM) announced today that the global investment manager Cohen & Steers has become the Portfolio Consultant to several AAM unit investment trusts (UITs), all of which will be co-branded. Under the agreement, AAM is the product sponsor and distributor, while Cohen & Steers will be the Portfolio Consultant to these AAM UITs.
This agreement broadens the scope of the existing partnership between AAM and Cohen & Steers. In 2015, Cohen & Steers became the Portfolio Consultant to AAM's Midstream & Energy MLP Income Closed-End Portfolio UITs.
"This agreement marks an important milestone in our strategic partnership with Cohen & Steers," said AAM Chief Executive Officer Scott Colyer. "We are thrilled to partner with a first-in-class global asset management firm to provide advisors and their clients with access to distinct investment expertise as they look to build diversified investment portfolios. We look forward to growing our relationship with Cohen & Steers and to all the possibilities ahead."
"AAM's large distribution team and nationwide advisor relationships provide us with a valuable network to reach financial advisors," said Cohen & Steers Executive Vice President David Edlin. "Both of our firms have benefited from this partnership and we look forward to building on this solid foundation."
About Advisors Asset Management
For more than 35 years, AAM has been a trusted resource for financial advisors and broker/dealers. It offers access to UITs (unit investment trusts), open- and closed-end mutual funds, separately managed accounts (SMAs), structured products and the fixed income markets, as well as portfolio analytics. For more information, visit www.aamlive.com.
About Cohen & Steers
Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Hong Kong, Tokyo, and Seattle.
Unit Investment Trusts (UITs) are sold only by prospectus. You should consider the trust's investment objectives, risks, charges and expenses carefully before investing. Contact your financial professional or visit Advisors Asset Management online at www.aamlive.com/uit to obtain a prospectus, which contains this and other financial information about the trust. Read it carefully before you invest or send any money. As with any investment, investors may lose money by investing in UITs and the trust may not perform as well as expected. Investing in UITs is a long-term strategy and investors should consider their ability to invest in successive trusts, if available. Investors also should consult a tax professional regarding the tax implications associated with investing in UITs. Securities offered through your financial professional.
Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC. | 18925 Base Camp Road | Monument, CO 80132 | www.aamlive.com
CRN 2016-0916-5544 R
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SOURCE Advisors Asset Management