AMG Expands Commitment to Affiliate Growth through Strategic Evolution of U.S. Wealth Platform
- AMG strategically evolves U.S. wealth platform, AMG Funds, to fully align its resources with Affiliates; further invests to support Affiliate growth
- Streamlined platform will now offer more of AMG’s best-performing, differentiated strategies, including several previously unavailable in U.S. market
- AMG Funds shareholders will benefit from access to additional excellent Affiliate sub-advisers and more favorable pricing across all funds involved in the
transition
- AMG Affiliates will now manage approximately $5 billion in incremental assets previously sub-advised by third parties
WEST PALM BEACH, Fla., March 22, 2021 (GLOBE NEWSWIRE) -- AMG Funds LLC, the U.S. wealth distribution arm of Affiliated Managers Group, Inc. (NYSE: AMG), today announced that as
part of AMG’s overall repositioning of distribution capabilities for the benefit of its Affiliate partner firms and their clients, AMG is supporting a series of enhancements to its U.S. wealth
platform, which will now offer a unique array of high-quality funds managed exclusively by AMG Affiliates. AMG has always provided a single point of access to industry-leading strategies managed by
its world-class, independent partner-owned Affiliate firms, which have strong and long-tenured teams supported by stable business platforms. Today, by moving to a lineup entirely sub-advised by AMG
Affiliates, clients will benefit from a streamlined platform wholly focused on AMG Affiliates’ high-conviction investment offerings, including fee reductions across all the strategies involved in
the transition. As part of these enhancements, AMG Funds will offer Affiliate strategies previously unavailable to the U.S. wealth market, as well as provide additional differentiated investment
solutions by repositioning select funds.
“AMG believes strongly in the advantages that independent, partner-owned investment firms have in delivering client outcomes consistent with their investment objectives, and our Affiliate group
includes many of the highest-quality independent specialist firms in the industry,” said Jay C. Horgen, President and Chief Executive Officer of AMG. “Over the past two years, we have evolved our
global distribution resources and clarified our strategy for the benefit of our Affiliates. Focusing our U.S. wealth platform exclusively on in-demand strategies from our Affiliates will ensure
that clients are choosing from highly differentiated products. We are pleased to further align our distribution platform with our Affiliate partners, and look forward to continuing to invest in our
Affiliates through the further expansion of AMG’s capabilities in support of their growth.”