Milwaukee, Wisc.-based CliftonLarsonAllen Wealth Advisors has teamed up with Academy Asset Management, a Philadelphia, Pa.-based investment advisor to launch Innovator Management LLC, purveyor of the new Innovator Matrix income Fund.

The fund began trading on January 31 and currently manages some $50 million in assets. It bets on pass-through securities, which are assets managed by entities that “pass-through” a majority of their operating profits directly to their unit holders while avoiding taxes at the corporate level, including master limited partnerships, royalty trusts and real estate investment trusts.

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