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MINNEAPOLIS, July 5, 2005 /PRNewswire-FirstCall via COMTEX/ -- Piper Jaffray & Co. is pleased to announce that Michael P. Swenson, senior vice president-investments with The Swenson Financial Advisory Group at Piper Jaffray, was chosen by Barron's Magazine as one of the Nation's Top 100 Financial Advisors. Swenson, of Wayzata, was ranked 85th on the list. More than 7,000 candidates were considered for the ranking.

Swenson credits his team's hard work and dedication to clients for making the listing. "My name was cited on the prestigious ranking because of the teamwork of my colleagues and support of our firm," said Swenson. "I'm grateful to Nancy Peterson, Daniel Stolfa, Lori Hertzke, Jill Radermacher, Sharon Coleman and the other members of the Swenson Financial Advisory Group and Piper Jaffray who helped to place me among the nation's best financial advisors."

Candidates were evaluated by seasoned researcher R.J. Shook, who writes extensively about the brokerage industry in his annual Winner's Circle books. The ranking is based on best practices and on biggest books of business. According to the ranking, The Swenson Financial Advisory Group oversees assets totaling more than $1 billion, with typical relationships ranging in size from $2-$50 million. This was the first year Swenson applied for the ranking.

"We are extremely pleased Mike was listed as one of the nation's top advisors," said Robert Peterson, head of Private Client Services for Piper Jaffray. "He has been one of the firm's top performing financial advisors for the past few years and has been instrumental in establishing the Swenson Financial Advisory Group as the first multi-family office practice to operate within the firm. We're pleased to see him recognized outside of our organization for his achievements."

Swenson was awarded the 2004 Gary M. Petrucci Award by Piper Jaffray Co., recognizing him as the nation's top-performing Piper Jaffray financial advisor. Swenson, 39, was the youngest person in the firm's 110-year history to win this prestigious award. Additionally, Swenson holds the CIMA (Certified Investment Manager Analyst).

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.

Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020

SOURCE Piper Jaffray & Co.

Stephani Simon of LaBreche Murray Public Relations, +1-612-392-7613,
ssimon@labrechemurray.com
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