Michael K. Farr comes well armed in the battle for yield.

Farr, who helps manage over $900 million of securities as founder and majority owner of  Washington, D.C.-based Farr, Miller, & Washington LLC, says the firm has six analysts, including two dedicated municipal managers, combing through the data on 1,500 credits to meet the demand for greater returns among its wealthier, savvier retail customers.

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