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Annuity Seller Starts Broker%2DDealer

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Asset Marketing Systems Insurance Services L.L.C. is setting up Madison Avenue Securities, a broker-dealer subsidiary that will help registered representatives supervise their equity-indexed annuity operations.[@@]

Madison Avenue, San Diego, also will provide general securities, advisory services, and insurance products, according to Asset Marketing, San Diego.

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Ismael Manzanares is the president of the new Madison Avenue unit.