Pioneer Investments [profile] has added to its U.S. sales team dedicated to registered investment advisors, bringing the headcount on the RIA team to eight. The new additions are part of a previously announced 25 percent increase in the firm's retail sales team, a press release today stated.

Brian Kilar, former RIA VP for Managers Investment Group, was named regional VP for the RIA channel and will be based in Chicago to cover the Midwest/Southeast region.

Pioneer also increased the number of regional consultants, who serve as hybrid wholesalers, from one to three. Regional consultants each support one of the firm's three regional VPs in the field.

"Pioneer has had a longstanding commitment to the RIA market and we are stepping up our resources to support to this market," stated Laura Palmer, national sales manager and head of the RIA team. "The RIA market is one of the fastest-growing market segments for Pioneer, and the changes will help us reach a broader range of customers and provide better support."

Company Press Release

Pioneer Investments Expands Sales Team

Dedicated to U.S. RIA Market

Boston, Massachusetts � Pioneer Investments today announced the expansion of its U.S. sales team dedicated to Registered Investment Advisors through the addition of a new member and the realignment of the team that broadens Pioneer�s support for the RIA channel. The changes are part of a previously announced 25% increase in the firm�s retail sales team.

�Pioneer has had a longstanding commitment to the RIA market and we are stepping up our resources to support to this market,� said Laura Palmer, National Sales Manager and head of the RIA team. �The RIA market is one of the fastest-growing market segments for Pioneer, and the changes will help us reach a broader range of customers and provide better support,� Palmer added.

Brian J. Kilar has been named Regional Vice President for the RIA Channel. He is located in Chicago and covers the Midwest/Southeast region. Brian joins Pioneer from Managers Investment Group in Chicago, where he was RIA Vice President and covered the RIA market in the Mid Atlantic and Southeast Region. He has a B.S. from Illinois State University and has 10 years of industry experience.

In addition, Pioneer has increased the number of Regional Consultants, who serve as �hybrid� wholesalers, from one to three. Regional Consultants split their time between home office support and working with clients in the field, and they each support one of the firm�s three Regional Vice Presidents in the field. Pioneer�s RIA team now totals eight, including Palmer and one Business Development Officer.

About Pioneer Investments

Pioneer Investments is the trade name for Pioneer Global Asset Management S.p.A. and its subsidiaries, a global investment firm with offices in 26 countries and approximately $194 billion in assets under management as of June 30, 2012, of which approximately $62 billion was managed in the U.S. Founded in 1928, its flagship mutual fund, Pioneer Fund, is the third-oldest mutual fund in the U.S. Pioneer Investment Management USA Inc. is the North American operating subsidiary of Pioneer Global Asset Management S.p.A., which is a wholly-owned subsidiary of UniCredit S.p.A. Pioneer Investment Management, Inc. is the firm�s U.S. investment advisory subsidiary, and Pioneer Funds Distributor, Inc. is the firm�s U.S. distribution subsidiary. For more information please visit us.pioneerinvestments.com.

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