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AAM Ramps Up Institutional BD Biz March 04, 2010

--Olivia Thetgyi
Advisors Asset Management
is setting up an institutional platform in its broker-dealer focused on mortgages and structured credit, municipal bonds and corporate bonds. The Monument, Colo.-based broker-dealer and investment advisor believes it can distinguish itself from the other boutique broker-dealers that have sprung up over the past two years by springboarding off its existing retail business, said Michael Foggia, co-head of the institutional platform.

AAM was founded in 1979 as Fixed Income Securities. The firm, which changed its name two years ago, started as a broker-dealer buying and selling a range of fixed-income securities -- including certificates of deposit, ...

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