As part of an expansion of its capital markets group, Advisors Asset Management has added two veteran fixed income traders with nearly 35 years experienced combined.
Christopher M. Brigati joins the Monument, Colo.-based investment and financial services firm as head of municipal trading, while Joseph Polverino comes on board as a senior trader, Advisors Asset announced in a July 8 press release.
Brigati, who has 22 years of experience in fixed income, joins the firm after eight years as managing director and head of municipal trading at Morgan Stanley Wealth Management. Polverino, who has 12 years of experience, was previously a senior vice president of municipal trading at Sterne Agee.
"Chris and Joe possess extensive fixed income expertise, which will be critical as we continue to build out our capital markets team and service offerings," said Scott Colyer, chief executive officer and chief executive investment officer at AAM.
Brigati's leadership at Morgan Stanley helped increased the revenue in its municipal trading business, according to the press release from AAM. He holds a bachelor's of science degree in business and finance from the State University of New York at Albany.
Polverino's career also includes nearly a decade as senior director of municipal trading at Oppenheimer & Co. He graduated from the University of Delaware with a bachelor's of science degree in finance.
AAM, which was established in 1979, provides high-quality investment products and services for financial advisors, including more than 90 broker-dealers. It provides financial advisors with bond services, portfolio support, and technological help.
The firm offers access to Unit Investment Trusts, open and closed-end mutual funds, separately managed accounts, structured products and the fixed income markets, as well as portfolio analytics.
As of March 31, 2015, the brokerage and advised business at AAM represents approximately $17.1 billion in assets, according to the firm's website. Assets under supervision represent $10.3 billion in UIT assets, while the firm has $6.0 billion in assets under administration that represents the non-proprietary assets for which AAM provides various levels of service, but not management. Another $782 million in assets under management represents AAM's proprietary separately managed account assets.
