Financial Research Corp. is looking to set up shop in New York City next year, said Bruce Fador, CEO of the Boston-headquartered firm.

Fador told The MFWire that FRC -- which last year was acquired by Mercatus Partners from Citigroup -- plans to open an office in midtown Manhattan in "mid-2010 or maybe sooner."

The New York office will be staffed by at least one research and one sales person.

FRC currently has 24 employees, including three salespeople. 

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