Advisors Asset Management (AAM) has hired Roberto Roffo as senior vice president and portfolio manager to expand its tax-exempt management capabilities, primarily with municipal fixed income strategies.
Roffo, who has more than 20 years of portfolio management experience, will use his insights and expertise to enhance AAM’s current offerings and build out new strategic initiatives.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
AAM offers advisors access to the fixed income markets, as well as portfolio analytics, unit investment trusts (UITs), structured products, separately managed accounts (SMAs) and mutual funds.
Roffo said, "I see the demand for municipal bonds building as investors seek out new strategies to avoid higher tax rates and minimize volatility."
Prior to joining AAM, Roffo was the managing director/ senior portfolio manager of SMC Fixed Income Management, for seven years, during which time he assisted in the development of the largest municipal fixed income offering for a UIT. AAM was the product sponsor and primary distributor for that UIT, the Insured Tax Exempt Municipal ("ITEM") Portfolio.
Previously, Roffo served as the managing director at Claymore Advisors and director for Merrill Lynch Asset Management.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"Advisors are continually looking for ways to provide income to their clients, and are also bracing to prepare portfolios for a rising interest rate environment over the next few years," said Scott Colyer, CEO and CIO of AAM. "Roberto will be instrumental in building out income solutions for that environment, using his deep industry knowledge to help advisors brave the impending rising rate storm with municipal bonds."
