Advisors Preferred Announces AUM Reaches $3 Billion
Firm's assets triple in the last twelve months
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ROCKVILLE, Md., June 9, 2021 /PRNewswire/ -- Advisors Preferred, an infrastructure provider for investment advisory firms wishing to create and distribute mutual funds, announced that its assets under management reached $3 billion as of June 1, 2021. The firm's assets have more than tripled in the past twelve months, rising from $890 million on May 31, 2020, according to Advisors Preferred President Catherine Ayers-Rigsby.
"We can attribute our record growth to the quality of our sub-advisors' management of the funds, as well as the strength of our collaboration with the investment managers, including supporting a variety of distribution models," Ayers-Rigsby said. Six of eight Advisors Preferred funds eligible for a Morningstar rating carry Morningstar's top 5-Star Rating, she said.