PFM Advisors of Philadelphia, Pa., announced the appointment of Biagio Manieri, Ph.D., CFA, as director of research. Manieri will head a team of analysts concentrating on the economy, capital markets, and investment management products in order to assist advisors explore investment opportunities for institutional clients. Previously an investment officer with the Federal Reserve, Manieri helped manage over $13 billion in defined benefit and defined contribution plan assets.

PFM Advisors provides independent investment consulting and asset management services to institutional clients around the country.

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