Berkshire Global Advisors acted as exclusive financial advisor to Sentinel Asset Management

Seller Details
Headquartered in Montpelier, Vermont, Sentinel Asset Management, Inc. is a diversified asset management firm offering U.S. equity, international equity, and fixed income asset management services in mutual fund, corporate, and sub-advisory accounts. The firm is dedicated to fundamental bottom-up research and is attentive to managing downside risk. Sentinel offers portfolios built around its core asset strengths. The portfolios are managed by specialized independent teams, led by managers with deep industry experience.

Buyer Details
Touchstone Investments is a Distinctively Active mutual fund company committed to providing investors with access to institutional asset managers who act in a sub-advisory capacity. The Touchstone Funds are advised by Touchstone Advisors, Inc., a registered investment adviser, and are distributed nationally through intermediaries including broker-dealers, financial planners and institutions by Touchstone Securities, Inc., a registered broker-dealer and member FINRA/SIPC. Touchstone, Touchstone Funds and Touchstone Investments are federal service mark registrations and applications owned by IFS Financial Services, Inc. Touchstone Securities, Inc., Touchstone Advisors, Inc., and IFS Financial Services, Inc., are members of Western & Southern Financial Group (Western & Southern).

Transaction Summary
Under the terms of the purchase agreement, nine Sentinel retail funds and four Sentinel variable products funds will be reorganized into either existing Touchstone funds or into newly created Touchstone funds, and after the reorganizations, the funds will be advised by Touchstone. The acquisition is expected to increase Touchstone’s assets under management to approximately $20 billion. Sentinel currently manages 11 mutual fund strategies with combined assets under management of $5.54 billion as of Feb. 28, 2017.