Advisors Preferred Reports Record Growth With Five New Mutual Funds, Addition Of New Subadvisor
Infrastructure provider works with advisors to create, distribute mutual funds AUM increases 294% to $2.9 billion
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ROCKVILLE, Md., May 25, 2021 /PRNewswire/ -- Advisors Preferred, an infrastructure provider for investment advisory firms looking to create and distribute mutual funds, announced record growth with the addition of five new funds and a new subadvisor, Beaumont Capital Management (BCM). The firm's assets under management total approximately $2.9 billion, an increase of over $2 billion or 294% year over year.
"Our robust growth and success have been reinforced by the confidence shown by our subadvisors in partnering and growing with us. For investment advisors, mutual funds constitute significant undertakings in terms of time, structure, costs, marketing, distribution and platform access, as well as regulatory requirements. The services we provide are designed to take the burden off the investment manager so they can concentrate on their investment strategy," said Catherine Ayers-Rigsby, Advisors Preferred president.