Aetna Asset Advisors, LLC

Aetna Asset Advisors, LLC, established in February 2008, is a subsidiary of Aetna Financial Holdings, LLC, ultimately owned by CVS Health Corporation. The firm specializes in providing investment advice on investment-grade securities, particularly in short-term market sectors like commercial paper and U.S. Treasury obligations. They offer both discretionary and non-discretionary investment services for various clients, including UBS Funds and Aetna Life Insurance Company's Separate Account. As of December 31, 2024, the firm managed $729,669,000 in client assets on a discretionary basis and $3,898,000 on a non-discretionary basis. Aetna Asset Advisors charges management fees to UBS Funds, while its affiliate receives fees from the Separate Account participants. The firm does not accept performance-based fees, and its clients are all qualified purchasers. Their investment strategy focuses on maximizing short-term returns while managing risks and maintaining liquidity. Aetna Asset Advisors follows a Code of Ethics, prioritizes client interests, and has policies in place to address conflicts of interest. The firm has custody of client funds and exercises investment discretion within specified guidelines. They have proxy voting policies and procedures in place and maintain financial stability without any recent bankruptcy filings.