The joint venture is Innovator Management, with the first order of business for the entity being the launch and management of a mutual fund called Innovator Matrix Income Fund (IMIFX), focused on pass-through securities.
IMIFX had begun trading on January 31, 2012 and it already exceeds US$50 million in AUM.
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The fund also provides mutual fund investors access to the Matrix Income strategy which was earlier available only through separately managed accounts with significant minimum balances.
Tony Hallada, chief executive officer of CliftonLarsonAllen Wealth Advisors remarked "Given the historically low interest rates in the current market environment, we believe our clients and prospective clients are having some difficulty finding adequate income in traditional investments."
"They need alternative income solutions, which is why we’ve chosen to bring the Matrix Income approach to all investors," Hallada further added.
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