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Advisors Asset Management (AAM) Hires Two Executive Vice Presidents for New York Office.

MONUMENT, Colo. -- Advisors Asset Management, Inc. (AAM), a leading investment solutions partner, today announced that Michael Foggia and Victor (Rick) Perretti, Jr. have joined the firm as Executive Vice Presidents, effective May 4, 2009. Mr. Foggia and Mr. Perretti, both formerly of Merrill Lynch, will have primary responsibility for leading a new company division that will expand AAM's investment product distribution to the institutional market. This new Institutional Sales and Trading Division will be headquartered in Manhattan.

The hires are part of a larger growth strategy to broaden the company's distribution capabilities. While the firm will still cater to the RIA and independent broker/dealer communities, the new division will create synergies across the client continuum, complementing the AAM business model by bringing the same premier investment products and services to institutional clients.

"We are delighted to welcome these two highly-qualified individuals to AAM," said Scott Colyer, CEO and Chief Investment Officer. "Expanding our product distribution is a major focus right now as we look to add value and investment support to the institutional market. With their deep industry expertise and decades of institutional sales experience, Mike and Rick are ideally suited to lead this important initiative."

Mr. Foggia (43) brings to AAM over 20 years of fixed income experience. Most recently at Merrill Lynch, he was charged with managing the middle market and wholesale teams in the firm's debt division. During his 19 years with the company, his roles included product structuring, marketing, and sales management across all genres of fixed income. His client experience ranged from the world's largest multinational companies to high net worth individuals. Mr. Foggia began his career in structured products at Salomon Brothers. He holds a B.A. from Drexel University.

Mr. Perretti (53) is a highly respected sell-side professional in the regional dealer community, with relationships spanning three decades. Prior to joining AAM, he served for 29 years at Merrill Lynch where he formed the fixed income wholesale initiative. In this role, he led a national dealer sales team, responsible for distribution of all fixed income products, creating the first fully-integrated debt wholesale model on Wall Street. He holds a B.A. from St. Johns University.

"AAM has an exceptional reputation as a leading provider of superior investment solutions," said Mr. Perretti. "Mike and I are thrilled to take part in this exciting new initiative to bring AAM's high quality products and support services to the institutional market."

About Advisors Asset Management (AAM)

Advisors Asset Management, Inc. (AAM) is an investment solutions partner for Broker/Dealers and advisors, offering a vast array of financial tools, leading technologies, and industry expertise. AAM provides bond services, portfolio support, financial tools, Unit Investment Trusts (UITs), structured products, and Separately Managed Accounts (SMAs). Established in 1979, AAM has 9 major offices across the nation and partners with more than 90 broker/dealers (34,000 registered reps), 3,000 independent registered advisors, and 175 street accounts which includes small and regional BDs and wirehouses. AAM is a broker/dealer, member FINRA/SIPC, SEC registered investment advisor and SEC registered investment company. For further information about investment solutions offered by AAM, please visit: www.aam.us.com.
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Publication:Business Wire
Date:May 11, 2009
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