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Stone & Youngberg Hires Industry Veteran Todd Niedermeyer as a Senior Vice President in Firm's Private Client Group

Business Wire, May 12, 2008

SAN FRANCISCO -- Stone & Youngberg, a leading financial services firm, today announced that industry veteran Todd Niedermeyer will join the firm's Private Client Group as a senior vice president. Niedermeyer brings more than 20 years asset management expertise to his new role at Stone & Youngberg, where he will develop investment strategies for wealthy individuals and families.

"Stone & Youngberg's Private Client Group has been serving the needs of discerning investors for more than 75 years," said Bill Evans, a managing director and head of the firm's Private Client Group. "Todd's breadth of asset management experience will make him an invaluable new addition to our team. His expertise, combined with the firm's strength in municipal finance, is a powerful combination that will be of great benefit to our clients."

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Niedermeyer was previously a senior vice president at Wells Fargo in the firm's Investments' Wealth Management Group, where he has been for the past ten years. Prior to Wells Fargo, he worked for Black & Co.'s wealth management division, as a principal and member of the firm's Board of Directors. Niedermeyer began his career in 1987 at the venerable Wall Street firm of Kidder, Peabody & Co. in San Francisco. He holds a Bachelor of Arts degree from the University of California, Santa Barbara, with a double major in business and environmental studies.

Stone & Youngberg's prominence in the national public finance sector enables the Private Client Group to offer distinct advantages to its clients, including access to a wide variety of new-issue municipal bonds, timely investment advice supported by its municipal credit department, and access to secondary-market liquidity to adjust to changing marketing conditions. The Private Client Group applies an institutional investment approach to disciplined and sophisticated personal finance strategies, offering exceptional fixed-income investment guidance to individual investors.

Stone & Youngberg, founded in 1931, is one of the oldest private investment banks operating on Wall Street. The firm offers underwriting, advisory, and investment services across the country to state and local governments, non-profit organizations, and institutional and private investor clients through its offices in San Francisco, Los Angeles, San Diego, and Big Bear Lake, CA, and in New York, Chicago, Phoenix, Richmond, VA, and Annapolis, MD.

For more information on Stone & Youngberg, visit www.syllc.com.

About Stone & Youngberg: Stone & Youngberg Holdings LLC is a financial services company providing a range of products and services through three subsidiary businesses. Stone & Youngberg LLC, founded in 1931 and member FINRA/SIPC, specializes in the origination and sale of fixed-income securities. The firm led or co-managed the sale of 214 municipal bond issues totaling $4.7 billion in 2007.1 In addition to bond underwriting and sales, Stone & Youngberg provides investment services to individuals, institutions, and government agencies and offers a wide variety of tax-exempt and taxable securities. S&Y Asset Management LLC is Stone & Youngberg's wealth management company and develops investment portfolios and products tailored to affluent individuals. S&Y Capital Group LLC is a private real estate investment, development, and consulting company.

Stone & Youngberg is headquartered in San Francisco with offices in Los Angeles, San Diego, New York, Chicago, Phoenix, Richmond, VA, Annapolis, MD, and Big Bear Lake, CA. Additional information is available at www.syllc.com or by calling 800-447-8663.

1 Source: Thomson Financial 2008.

Business Services Industry

Stone & Youngberg Hires Industry Veteran Todd Niedermeyer as a Senior Vice President in Firm's Private Client Group

Business Wire, May 12, 2008

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