US Fiduciary Announces Affiliation with High-Net Worth Advisory Group in Scottsdale, Arizona

Chicago, IL (PRWeb) January 4, 2007 -- US Fiduciary, L.P., a leading financial services firm focused on serving high-end investment advisors and their high net worth and institutional clients, announced today that Jay R. Penney, LLC has affiliated with US Fiduciary. The high net worth advisory group in Scottsdale, Arizona left an independent broker-dealer to affiliate with US Fiduciary.

“Financial professionals are increasingly seeking fee-based solutions rather than generating commissions from the sale of financial products. Independent advisors, who are former brokers, need a company to support their managed account needs. US Fiduciary’s comprehensive offering includes Separately Managed Accounts, ETFs, mutual funds, model portfolios and alternative investments. US Fiduciary is an ideal solution for advisors seeking institutional quality technology, research, and products,” said Jim Lynch, EVP of Business Development for US Fiduciary.

Jay Penney, President of Jay R. Penney, LLC, reflects: “Coming from another independent broker-dealer, I determined that most independent broker-dealers provide minimal clearing services without much additional value. I ultimately decided that affiliating with US Fiduciary will help me successfully continue to build my practice. Their unique solution includes an integrated broker-dealer with a high net worth focused Registered Investment Advisory practice and a sophisticated traditional and alternative asset management platform.”

Elliot S. Weissbluth, President of US Fiduciary, stated: “We are delighted to welcome Jay and his team to US Fiduciary. His decision to affiliate with our firm further supports the growing trend in the marketplace that financial advisors seeking to work with high net worth individuals will find basic independent broker-dealers insufficient to support their business. Our firm integrates the necessary service components to effectively service high net worth households.”

About US Fiduciary, LP
US Fiduciary is a boutique financial services firm focused on serving high-end financial advisors and their high net worth and institutional clients. The company’s innovative and integrated offering of tools and services helps financial advisors and financial institutions manage the increasingly complex needs of wealthy clients. For more information, visit http://www.usfiduciary.com.

Securities are offered through USF Securities, LP Member NASD /SIPC. Advisory Services offered through USF Advisors, LLC, a Registered Investment Advisor.    

Company Contact   
Quan L. Domaleczny
Director of Marketing
US Fiduciary, Chicago
312.580.9378

# # #