Allegheny Names Eight New Principals

Join board of directors in major ownership expansion

PITTSBURGH, Aug. 23, 2007—Allegheny Financial Group has named eight new principals, expanding the number of firm owners to eleven. The newly named principals are all Certified Financial Planners serving as client advisors with the firm. They join founders James Hohman and James Browne, both CFP®s, and long-time principal Karl Smrekar, also a CFP®, on the firm’s board of directors.

“The demand for the firm’s services has continued to grow strongly along with its capabilities,” said Browne, “and ownership by these experienced and capable advisors is an assurance about the future for clients, employees and partners.”

“We’re a financial advisory firm run by advisors, not by product sales managers; so the goal of benefiting clients is built in,” said Hohman. “These appointments re-enforce that identity and that mission.”

The new principals are Ralph Boyd, Brandon Haynes, R. Steven Hurst, Jonathan Kuhn, Michael Montileone, Jennifer Schrauder, Raymond Schutzman, and Deborah Turek.

Founded in 1976, Allegheny Financial Group provides comprehensive financial planning and investment management services to individuals, households and businesses. Together with its affiliated broker/dealer Allegheny Investments, the firm has 80 financial advisors, more than 10,000 clients, $2.9 billion of client investments under management, and a professional support staff of 60.

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Contact: David Jeter, senior vice president, 412.536.8012, djeter@alleghenyfinancial.com