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AIM Taps Merrill Exec to Lead 529 Efforts

AIM Distributors, Inc. named William Raynor VP of its retirement and education products division, a newly created position, the company announced last week.

Raynor comes from Merrill Lynch & Co. where he was in charge of the brokerage firm's retirement and education savings division and worked as in-house counsel and an adviser to Merrill's 529 college savings plan. With Merrill, Raynor also served as a liaison on state and federal policy and legislative measures relating to education and retirement savings.

In his new role, Raynor will be responsible for the marketing and development of AIM's 529 plan, which is offered through the State of Nebraska and is distributed through its financial adviser network. He said his immediate goal with the AIM 529 is to make individual AIM funds available as investment options in the plan as well as add a payroll deduction feature to the plan before the start of the summer.

Prior to working with Merrill Lynch, Raynor spent over six years working with the Massachusetts State Senate, including serving as special counsel to the chairman of the Massachusetts Senate Ways and Means Committee.