The Strong Funds is acquiring a small Midwest discount broker/dealer and plans, at the same time, to create its own online brokerage. Strong Capital Management of Menomonee Falls, Wis., announced Aug. 12 that it is acquiring discount broker Ziegler Thrift Trading (ZTT).

ZTT is based in Minneapolis and has five retail offices in Minnesota, Wisconsin and Illinois. It is a subsidiary of The Ziegler Cos., a financial services holding company based just outside of Milwaukee, Wis.

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