Continued speculation that municipal credits could deteriorate is helping business at Savader Asset Advisors LLC. The credit research firm this week added three independent contractors to its analytics team and plans to start broker-dealer operations this month.
“We’re in a great position. A number of firms that didn’t understand the value of fundamental credit research and the kind of advisory work that we did early on have since come to us,” said chief executive officer Mitchell Savader, who founded the New York-based firm in 2004. “We can either serve as a firm’s research department or we can supplement existing research departments, which is becoming more and more critical because of the increased demand now.”