Raynor Named Vice President of AIM's Retirement and Education Products Division.Business Editors HOUSTON--(BUSINESS WIRE)--March 6, 2002 A I M Distributors, Inc. (AIM), a subsidiary of A I M Management Group Inc., has announced that William J. Raynor Jr. has been named a vice president of AIM's Retirement and Education Products Division. With a wealth of experience in the college savings and retirement markets, Raynor will coordinate the continued development and marketing of The AIM College Savings Plan(SM), a Section 529 plan distributed through the AIM financial advisor network. Raynor comes to AIM after nearly three years as a vice president in the Retirement & Education Savings Division at Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co. He served as in-house legal counsel and product expert for the Section 529 NextGen College Investing Plan, which he helped develop and implement. He acted as liaison on many state and federal legislative/policy initiatives that impacted not only Merrill Lynch's Section 529 product line, but also IRAs and Educational Savings Accounts Savings Account A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates. Notes: , among others. Raynor also was responsible for training financial advisors, clients and third-party distributors about Section 529 and working directly with advisors and high-net-worth clients to integrate a Section 529 plan into their portfolios. Prior to joining Merrill Lynch, Raynor spent over six years with the Massachusetts State Senate, the last year serving as special counsel to the chairman of the Massachusetts Senate The Massachusetts Senate is the upper house of the Massachusetts General Court, the bicameral state legislature of the Commonwealth of Massachusetts. There are 40 senatorial districts in Massachusetts, all but one named for the counties in which they are located (the "Cape and Ways and Means WAYS AND MEANS. In legislative assemblies there is usually appointed a committee whose duties are to inquire into, and propose to the house, the ways and means to be adopted to raise funds for the use of the government. This body is called the committee of ways and means. Committee. A member of the Massachusetts State Bar, Raynor holds a bachelor of arts degree in policy studies and political science from Syracuse University Syracuse University, main campus at Syracuse, N.Y.; coeducational; chartered 1870, opened 1871. Syracuse is noted for its research programs in government and industry; facilities include the Center for Science and Technology, the Newhouse Communications Center, and and a juris doctor The degree awarded to an individual upon the successful completion of law school. Juris doctor, or doctor of Jurisprudence, commonly abbreviated J.D., is the degree commonly conferred by law schools. degree from the New England School of Law  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . . About AIM Houston-based AIM is one of the nation's leading investment management companies. It is dedicated to providing its clients with high-quality products and service through multiple investment management styles and a broad product range of retail equity, fixed-income and money market funds, institutional portfolios and separately managed accounts for high-income individuals. Founded in 1976, AIM had approximately $158 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and more than 9 million shareholders as of December 31, 2001. For more information, visit www.aimfunds.com. About AMVESCAP AIM is an indirect subsidiary of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ), a leading independent global investment manager dedicated to helping people worldwide build their financial security through a comprehensive array of retail and institutional products for clients in more than 100 countries. AMVESCAP had $398 billion in assets under management as of Dec. 31, 2001. Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: For more complete information about any AIM Fund, including sales charges and expenses, please obtain the appropriate prospectus(es) from your financial consultant or by calling 800/347-4246. Please read the prospectus carefully before you invest or send money. A I M Distributors, Inc., Distributor. |
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