Innovator Management has tapped a distribution partner to boost sales of a fund it launched last January. The partner is BIC Group, which will actively sell the Innovator Matrix Income Fund (IMIFX).

David Jacovini, president of the Philadelphia-based Innovator told the MFWire in a phone interview that BIC was a "perfect fit" for what Innovator was looking for in terms of wholesaling team size and national presence. He also emphasized that the "timing was right" for this partnership, given that he wanted to ensure the viability of the product before moving ahead of full-on marketing to the brokerdealer and RIA channels.

"We just really wanted to come out of the gate with a good product, which I think we have, and a good distribution for us, so this is definitely a good key component for what we want to create," Jacovini said.

"As we get a little bit more scale and even more momentum � and I think we've come out of the gate with great momentum � a major part of that is having a wholesaling firm. It just really reaches potential investors that really, as in indie invest advisor, would be nearly impossible to do," he added.

Jacovini hinted at his plans to continue offering products that "think outside the box" in terms of utilizing niche strategies. He spoke to his firm's core strategy of taking value-added active management strategies behind executed in vehicles like SMAs and hedge funds, and applying them to "non-style-box," quality mutual funds.

In a company press release, Jim Kries, president and head of sales and distribution for BIC, stated that "a large majority" of BIC's clients are now actively seeking fixed income alternatives such as this mutual fund.

IMIFX invests in high current income and monthly dividends through pass-through securities, or like assets, including master limited partnerships, royalty trusts, real estate investment trusts, business development companies and closed-end funds.

Company Press Release

Innovator Management LLC Selects BIC Group, LLC to wholesale the Innovator Matrix� Fund

BIC to Market Fund Seeking Monthly, High-Income Returns

(PHILADELPHIA) August 29, 2012 � Innovator Management LLC, owned jointly by Academy Asset Management LLC and CliftonLarsonAllen Wealth Advisors, LLC, today announced it has selected BIC Group, LLC, an active distribution sales firm that employs a national wholesaling team, to market the Innovator Matrix Income� Fund (IMIFX). The Fund has targeted high current income and monthly dividends since its inception on January 31, 2012.

"We are pleased with the Fund�s performance and yield, and we have high expectations moving forward," said David Jacovini, president of Innovator Management LLC, the advisor to the Fund. "It was important for us to come out of the gate with strong asset growth and sound operating processes. From that point, the timing was right to engage a wholesaling firm to introduce IMIFX to the Broker/Dealer and Registered Investment Advisor channels. BIC will bring a national sales force comprised of quality professionals with a sound understanding of the Fund. With a distinctive Fund such as IMIFX, it was imperative to engage a top-tier wholesaling firm."

IMIFX focuses its strategy on pass-through securities. Pass-through securities are assets managed by entities that "pass-through" a majority of their operating profits directly to their unit holders while not paying taxes at the corporate level. These include Master Limited Partnerships, Royalty Trusts, Real Estate Investment Trusts, Business Development Companies, and Closed-end funds.

Though other pass-through mutual funds exist, they tend to target a specific sector only. The Matrix Income� style adapts to different phases of the economic cycle using the full spectrum of pass-throughs depending upon the outlook for growth, interest rates, and inflation. All the pass-through securities included in the Fund are listed on U.S. exchanges and are traded daily. Investors in the fund receive one consolidated 1099 for tax reporting instead of the multiple K-1s and state income tax filings that would be required if some of the security types were held outside of a mutual fund.

"We are extremely excited about the partnership between Innovator Management and BIC Group and the opportunity to distribute such an original, high quality investment solution," said Jim Kries, president and head of sales and distribution for BIC Group, LLC." A large majority of our clients are actively seeking fixed income alternatives and the Innovator Matrix Income� Fund gives us an innovative solution to meet this need."

"With approximately 10,000 baby boomers turning 65 in this country everyday, we are seeing significant demand for income that traditional products may not be meeting in the current low-yield environment," said Tony Hallada, chief executive officer of CliftonLarsonAllen Wealth Advisors, LLC. "We believe the Innovator Matrix Income� Fund is a solution to this problem, and we believe BIC is the perfect organization to tell that story to the investment community."

For more information on IMIFX, please review the fund prospectus at www.innovatorfunds.com or contact Innovator Management at management@innovatorfunds.com.

About Innovator Management LLC

Innovator Management LLC represents the collaboration of two advisors with a shared vision of bringing innovative strategies to the mutual fund marketplace. Innovator is operated by Academy Asset Management LLC and owned jointly by Academy and CliftonLarsonAllen Wealth Advisors, LLC.

About BIC Group, LLC

BIC Group, LLC is a third party, multi-boutique, active distribution sales firm who employs a national wholesaling team designed to raise substantial assets on behalf of represented asset management companies.

About CliftonLarsonAllen Wealth Advisors, LLC

CliftonLarsonAllen Wealth Advisors, LLC, a Registered Investment Advisor, offers private wealth advisory services, including wealth management and investment planning; strategic financial and retirement planning; estate, gift, and income tax planning; divorce financial planning; business succession planning; sell-side representation of mergers and acquisitions; insurance and risk management; employer-sponsored benefit plan design, compliance, and consulting; and investment consulting for endowments and foundations. The national wealth advisory practice is among the top 10 in the accounting profession with approximately 100 professionals who advise or consult on nearly $3 billion in total client assets. CliftonLarsonAllen Wealth Advisors, LLC is a wholly owned company of CliftonLarsonAllen LLP, a national public accounting and consulting firm delivering assurance, tax, and advisory capabilities.

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