As chief investment officer, McManus will lead the firm's Advisory Services Group, which is responsible for setting the overall investment policy and strategy that supports the firm's financial advisors as they provide clients with holistic, unbiased investment advice.
"We are extremely impressed with Tom's background, experience and ability to connect with our financial advisors and their clients," said Daniel J. Ludeman, president and CEO of Wachovia Securities, LLC. "He is clearly the right person to help leverage the substantial talent that exists within our firm's Advisory Services Group as a result of combining Wachovia Securities and A.G. Edwards."
A well-known sell-side strategist who has achieved All-American honors from Institutional Investor magazine, McManus joins Wachovia Securities after having worked at firms such as Banc of America Securities, Morgan Stanley and Goldman Sachs & Co. With a strong academic background, McManus' credentials include a solid foundation in asset allocation and portfolio strategy. In his new capacity, McManus will report to Brand Meyer and Peter Miller, co-presidents of the brokerage firm's Financial Services Group.
Seasoned in equity derivatives and institutional sales, McManus is particularly adept at analyzing both macro and micro issues in the economy and markets, and breaking them down for a wide variety of audiences, including individual investors. His communication acumen has given him prominence among the business media, and he is a sought-after conference speaker.
A native of New York, McManus received his bachelor's degree from Columbia University School of Engineering & Applied Science. He, his wife and their two daughters will be relocating to St. Louis.
About Wachovia Securities
Headquartered in St. Louis, Missouri, and one of the nation's largest full service retail brokerage firms with $1.1 trillion in client assets, Wachovia Securities provides financial advisory, brokerage, asset management and other financial services through more than 18,000 registered representatives in over 4,000 locations nationwide.* Wachovia Securities is the trade name used by two separate, registered broker-dealers and non-bank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, member SIPC, and Wachovia Securities Financial Network, LLC, member SIPC.
*As of 6/30/2008. Assets, registered representatives and locations include Wachovia Securities and A.G. Edwards brokerage offices as well as selected Wachovia Bank financial centers. A.G. Edwards is a division of Wachovia Securities, LLC.
