Sun Life to acquire a 51% stake in Advisors Asset Management for $214m.

Sun Life Financial, a Canadian financial services company, agreed to acquire a 51% stake in Advisors Asset Management, a financial services company offering financial advisory and asset management services, for $214m. "We're thrilled that AAM will be joining SLC Management. Adding AAM to our platform allows us to extend our set of world class alternative investment capabilities to new clients and expands the roster of investment solutions that AAM can offer to the US financial advisor market," Steve Peacher, Sun Life President.