The Globe and Mail reports in its Saturday edition that Sun Life Financial is acquiring a 51-per-cent share of U.S.-based Advisors Asset Management for $214-million, with an option to acquire the remainder of the company down the road (all figures U.S.). The Globe's Patrick Egwu writes that the deal is being done through SLC Management, Sun Life's institutional fixed income and alternatives asset manager, and Colorado-based AAM will become the new U.S. retail distribution arm for SLC Management. AAM provides a wide range of products and services to financial advisers at full-service brokerage firms, registered investment advisers and independent broker-dealers. With 10 offices across eight U.S. states, AAM oversees $41.4-billion in assets. Sun Life will have an option to acquire the remaining 49 per cent of AAM starting in 2028. As part of the deal, Sun Life is also committing to invest up to $400-million to launch SLC Management alternative products for the U.S. retail market, to be distributed by AAM. Sun Life wants to move aggressively with its affiliated investment managers -- Bentall Green Oak, Crescent Capital Group and InfraRed Capital Partners -- to gain ground in the American high-net-worth market.