Advisors Asset Management Names Cliff Corso Chief Executive Officer

Leadership transition marks a new chapter for AAM as Scott Colyer steps down after 27 years of visionary service

MONUMENT, Colo., April 30, 2025 /PRNewswire/ -- Advisors Asset Management (AAM), a leading investment solutions provider, today announced that Cliff Corso, President and Chief Investment Officer (CIO), will become President and Chief Executive Officer (CEO), effective May 9, 2025, following the retirement of Scott Colyer. Corso, who will remain as CIO, will assume Colyer's responsibilities as the head of the firm upon Colyer's retirement. Colyer will remain with AAM as a consultant for a 12-month period to support a smooth transition, while also retaining his status as a shareholder and continuing his role on the Board of Directors.

Colyer, who has served as CEO since 1998, has been the driving force behind AAM's growth, expanding on its long heritage in fixed income making it the innovative investment solutions provider with industry leading distribution capabilities financial professionals know it as today. Notably, in 2023, Colyer and AAM's senior leadership team, led by Corso, oversaw the acquisition of a majority stake of AAM by Sun Life Financial Inc through SLC Management, Sun Life's institutional fixed income and alternatives asset manager, which allowed it to be a part of a global financial organization with capital strength and the ability to distribute a breadth of alternative offerings to financial professionals in the U.S.

"It has been an honor to help build and lead AAM for over 27 years, and as I step into retirement, I do so with immense pride in what the firm has achieved," said Colyer. "That said, Cliff is an exceptional leader, supported by a highly accomplished leadership team. With decades of executive experience and a proven track record of strategic innovation, AAM is uniquely positioned to propel into the future. Under Cliff's guidance, AAM is primed for continued growth and long-term success, building on its strong legacy with a clear, forward-looking vision."

Under Corso's leadership and following AAM's partnership with SLC Management, the firm is entering an exciting new chapter—one that honors its strong legacy while embracing a bold vision for the future. AAM has strategically aligned with the evolving needs of the market by expanding its role as a key distribution partner for private markets investments. With this enhanced focus, AAM is positioned to meet the growing demand from the wealth channels for private markets solutions, reinforcing its value as a trusted partner to financial professionals today and in the years to come.

"I am incredibly privileged to step into the role of CEO of AAM at such a pivotal time for our firm. I have deep respect for the remarkable legacy built by Scott, whose leadership has shaped the strong foundation we stand on today. I wish him well in retirement," said Corso. "Thanks to Scott's vision and dedication to AAM, the firm is exceptionally well positioned for the future. I look forward to building on that momentum as we continue to grow, innovate, and create lasting value for financial professionals."

Corso brings a proven, 35-year reputation for strategic leadership. Before being appointed president and CIO of AAM on June 1, 2021, he planted the North American flag for Insight Investment, where he held the roles of CEO, CIO and Executive Chairman, North America. Prior to his time at Insight Investment, and perhaps most notably, Corso founded and served as CEO and CIO of Cutwater Asset Management, a fixed income specialist boutique which grew to over $50 billion in assets under management under his tenure. Over his 20 years leading Cutwater, Cliff created several unique investment products and solutions across a spectrum which included investments in corporate, real estate, asset backed, and structured credit across both public and private markets.

About Advisors Asset Management
For over 45 years, AAM has been a trusted resource for financial professionals. The firm offers access to alternatives, exchange-traded funds, fixed income markets, managed accounts, mutual funds, structured products, and unit investment trusts. AAM is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. For more information, visit www.aamlive.com.

For the one-year period ending December 31, 2024, AAM facilitated over $32 billion in combined sales and investments through 15,300 financial professionals industry-wide who accessed AAM's investment solutions platform.*

*Of the $32 billion, approximately $7 billion were Exchange-Traded Fund (ETF), Managed Account (SMA), Mutual Fund, and Unit Investment Trust (UIT) assets, while $25 billion was in Fixed Income securities, including bonds and Structured Products.

Advisors Asset Management, Inc. (AAM) is a SEC-registered investment advisor and member FINRA/SIPC. | Registration does not imply a certain level of skill or training. | 18925 Base Camp Road | Monument, CO 80132

For more information, visit www.aamlive.com | X (Twitter): @aamlive | LinkedIn: https://www.linkedin.com/company/advisors-asset-management-inc-/

CRN: 2025-0428-12517 R

Contact:

Matthew Bono
JConnelly
(973) 590-9110
mbono@jconnelly.com

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SOURCE Advisors Asset Management