Advisors Asset Management has entered into an agreement with Rothschild Asset Management to become the distributor for select separately managed accounts, confirmed AAM spokeswoman Catherine Drury.
As a result of this partnership, AAM will become the distributor for Rothschild's U.S. large-cap core, U.S. large-cap value and U.S. balanced strategies.
This agreement expands AAM's and Rothschild's existing partnership. In March, AAM became the subadviser for the fixed-income component of Rothschild's U.S. balanced strategies and agreed to perform the administrative and back-office functions for these portfolios.
The earlier agreement also enabled AAM to distribute Rothschild's U.S. balanced separately managed accounts.
The new agreement will expand AAM's distribution and operations functions to include Rothschild's U.S. large-cap core and U.S. large-cap value strategies. Rothschild will continue to serve as investment manager for the two large-cap strategies and the investment adviser to the balanced strategy with AAM acting as the subadviser for the fixed-income portion.