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MINNEAPOLIS—November 10, 2005—Piper Jaffray & Co. was recently recognized as having the sixth best full-service brokerage Web site for clients as determined by the Watchfire® GómezPro, a provider of competitive benchmarking, site evaluations and advisory services. This is the third consecutive ranking that Piper Jaffray has been recognized as one of the industry's top ten Web sites for clients.

The Piper Jaffray Web site, which can be found at online.piperjaffray.com, was acknowledged for its “Ease of Use” and “Privacy and Security.” In addition, Watchfire GomezPro praised Piper Jaffray for its funds transfer capabilities and mutual fund trading as well as its online shareholder communication and the Web site for Piper Jaffray Rewards, a program where Piper Jaffray Prime Account debit cardholders can receive free travel and merchandise by using the card.

“This distinction is an honor for our Client Online Services team,” said Bob Peterson, head of Private Client Services at Piper Jaffray. “Our commitment to the clients' online experience is very important to us, and our financial advisors are able to use our distinguished Web site as a key component to help guide clients through their financial journey.”

The top-ten Scorecard rankings were as follows:

  1. Smith Barney
  2. Wells Fargo Investments
  3. UBS
  4. Wachovia Securities
  5. Merrill Lynch
  6. Piper Jaffray
  7. DB Alex Brown
  8. A.G. Edwards
  9. McDonald Investments
  10. Edwards Jones

For this and other Scorecard rankings, visit https://www.watchfire.com/gomezpro/login.aspx

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. With headquarters 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 www.piperjaffray.com.

Since 1895. Member SIPC and NYSE.

© 2005 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020

Contact:
Rob Litt
Piper Jaffray & Co.
Tel: 612 303-8266
rob.m.litt@pjc.com