Starting in June, AIM Distributors will become the distributor for Invescos 33 U.S. retail funds with $21 billion in assets under management. AIM has 61 retail funds with $124 billion in assets under management.
"Creating a unified distribution system will simplify our U.S. retail business by providing financial consultants and shareholders with additional investment choices through a single distribution source," Mark H. Williamson, president and chief executive of AIM Investments, said in a statement. AIM wholesalers and salespeople have relationships with more than 200,000 financial consultants, according to the firm.
