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MINNEAPOLIS, April 13 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to introduce the newly developed Wealth Management Group, which is part of the Private Client Services business. The Wealth Management Group consists of a team of professionals who will provide highly specialized services designed to meet affluent investors' more sophisticated wealth management needs. The nine-member group partners with the firm's financial advisors to provide a comprehensive approach to helping clients accumulate, manage, preserve and transfer their wealth.

"Over the coming decades, baby boomers will increasingly shift their focus from accumulating wealth to preserving and transferring wealth," said Bill Garrison, director of the Wealth Management Group at Piper Jaffray. "As they make this transition, they are seeking comprehensive wealth management advice. This group will play a crucial role in helping to meet our clients' changing needs."

Based in Minneapolis, the Wealth Management Group provides clients with a suite of specialized services. Those services include financial planning, investment consulting, estate and wealth transfer, philanthropy, insurance, trust services and credit solutions. The group is based in Minneapolis.

"We want our clients to have peace of mind when it comes to managing, preserving and transferring the wealth they have worked so hard to obtain," said Garrison. "Our goal is to help our clients live the way they envision and help them develop a plan that reflects their personal values and financial goals. That may mean providing for future generations, making a difference in the community, or taking on a personal goal or challenge now that they have the financial security and freedom to do so."

Piper Jaffray & Co. is the chief operating subsidiary of Piper Jaffray Companies (NYSE: PJC), a focused securities firm dedicated to delivering superior financial advice, investment products and transaction execution within selected sectors of the financial services marketplace. The company operates through two primary revenue-generating segments: Capital Markets and Private Client Services. Piper Jaffray & Co. has served corporations, government and non-profit entities, institutional investors and the financial advisory needs of private individuals since 1895. Headquartered in Minneapolis, Piper Jaffray has approximately 3,000 employees in 104 offices in 23 states across the country and in London. For more information about Piper Jaffray, visit us online at http://www.piperjaffray.com .

Since 1895. Member SIPC and NYSE.

SOURCE Piper Jaffray & Co.
04/13/2005
CONTACT: Susan Beatty, Media Relations of Piper Jaffray & Co.,
+1-612-303-5680
Web site: http://www.piperjaffray.com
(PJC)