Wedbush Morgan Securities' sales, trading and underwriting team provides complete coverage of all major institutional clients in the nation (Tier I accounts), as well as comprehensive coverage of the increasingly important mid-tier investor segment (Tiers II and III), which serves as a conduit to the retail market. Given Wedbush Morgan Securities' underwriting activities, our team of market professionals has developed a broad base of experience with a complete array of fixed income instruments.

Wedbush Morgan Securities has assembled one of the region's largest regional and most diverse sales forces. Our extensive distribution network includes:

• A Private Client division with 29 regional offices and over 100 nationwide correspondent offices
• 3 fixed income traders and 2 liaisons supporting Private Client Services
• 6 fixed income institutional sales professionals (Tiers I through IV)
• 4 commitment and trading desks
• 4 fixed income traders and underwriters (1 taxable; 3 tax-exempt)
• 2 short-term sales and trading specialists (Portland & Solana Beach)
• 1 ABS sales and trading specialist

Our institutional sales professionals have built their client lists by specializing in the portfolio needs of small to mid-sized institutions, including corporations, insurance companies, depositories and money managers or so-called middle-market investors. This marketing focus of the Wedbush Morgan Securities' institutional sales professionals have increased the availability and diversity of product that can be directed to these accounts, and hence the effectiveness in attracting middle market investor interest.