Sun Life closes deal for Prime Advisors

Founded in 1988, Prime had approximately US$13 billion of AUM as of June 30, 2015.

By Staff | July 31, 2015 | Last updated on July 31, 2015
1 min read

Sun Life Financial has completed the purchase of Prime Advisors, Inc., which is headquartered in Redmond, Washington. The acquisition was announced on June 30, 2015.

Founded in 1988, Prime had approximately US$13 billion of AUM as of June 30, 2015. The firm manages fixed-income portfolios, focusing on U.S.-based insurance companies in the property and casualty, health and life industries.

Prime will continue to operate as a standalone unit; however, it will also be a member company on the Sun Life Investment Management platform.

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.

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