Payden & Rygel is looking to tap into the broker dealer channel with a new partnership.

The Los Angeles company announced it has hired Destra Capital Investments to break into this new distribution channel.

“Independent advisors have always been and will continue to be, an important focus for our firm,” stated David Hilton, senior vice president at Payden & Rygel.

“Approximately a third of the total assets, in our funds, are from independent advisors. Destra Capital gives us the ability to service and support the broker-dealer community. With this new relationship, we round out our ability to work with all channels in the retail marketplace.”