MAM Wealth Management, LLC (a MAM Group, Inc. company) has initiated negotiations with Top Producing Private Bankers in California to join the company

July 16, 2005 (PRLEAP.COM) Business News
Encino, California based MAM Wealth Management, LLC is negotiating with some of California's top producing private bankers to join the firm. Francisco Martin, Managing Director and one of the three founders of MAM is running the initiative with great success.

“The wealth management market has changed drastically. Clients want more than just the occasional telephone call or the quarterly portfolio review. Clients are getting more sophisticated and information is freely accessible via the internet, thus making the typical broker almost as obsolete as a dial-up connection. Today's top affluent need tailor-made investment solutions. MAM is able to offer just that. We can offer our clients real estate advisory services through MAM Realty Advisors, LLC or business advisory services through MAM Business Advisors, LLC. We also offer legal services through Anz & Associates, APC (a full service law firm) which is run by one of the other founders and Managing Directors of MAM, Mr. Bill Anz. We can truly give unbiased advice to our clients and the end result is clear as water. You get happier clients and lots of referral business”, says Francisco Martin.

“Our deal is very basic and not convoluted at all. Our private bankers get a 60% payout of the net-fee income they generate, thus making it one of the highest payout structures around. One other big difference is the no-pressure environment; there are NO Quotas, which results in happy advisors and happy advisors results in more business”, says Martin.

If all goes as planned, we will be attracting between $500 and $750 million of new assets under management within the next six to nine months.

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The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company and other risks detailed in our filings with the Securities and Exchange Commission, including the Risk Factors contained in our final prospectus relating to a public offering filed pursuant to Rule 424(b) under the Securities Act of 1933, available at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.