BELLEVUE, Wash. & DALLAS--(BUSINESS WIRE)--Associated Bond Brokers, Inc., (ABBI) has joined the fixed income interdealer broker firm of RW Smith effective with the close of business Fri., Oct. 31, announced Paige W. Pierce, President and CEO of RW Smith.
ABBI’s four brokers, including its founder and CEO, Pamela M. Miller, are now part of the RW Smith team and its Dallas office will operate under the RW Smith banner.
“For some 20 years, the ABBI team has been a small but powerful force within the wholesale market and small firms industry,” said Ms. Pierce. “They are a very talented group, known for their market expertise, integrity, and customer service. Pamela Miller is one of the most respected broker's brokers on the street and I look forward to working with her and her team.”
Continued Ms. Pierce, “Joining forces makes good business sense. This is the right move at the right time for both RW Smith and ABBI. Blending our teams of brokers both deepens and broadens our competitive edge and ability to better serve our customers. It also tees us up nicely for long-term growth.”
According to Ms. Miller who joins RW Smith as Executive Vice President, “Philosophically, our dedication to transparency, integrity, and hard work makes us a good fit with the RW Smith business model and team. Further, our location and extensive personal experience with the Bank Qualified and Bank Eligible sectors of the municipal market, as well as the overall Southwest region, rounds out RW Smith’s offices and strengthens its core competency within the market. While there will be some shifts in accounts, this move strengthens us all and ultimately serves our client base, which is always our focus.”
With the addition of the Dallas office, located at 3232 McKinney Ave., RW Smith has offices in: Bellevue, WA; Los Angeles; Scottsdale, AZ; Salt Lake City, UT; Chicago; Minneapolis; Tampa, FL; Freehold, NJ; Berkeley Heights, NJ; and Jersey City, NJ. In October, the company hired a team out of New York City to lead the company's situation business and opened a new office for them in Jersey City at 111 Town Square Place. Headquartered in Bellevue, WA, RW Smith first opened its doors in 1985.