Lovell Minnick Partners Adds Brad Armstrong to Philadelphia Office

RADNOR, Pa.--(Business Wire)--
Lovell Minnick Partners LLC, an independent private equity firm providing buyout
and growth capital to companies in the financial services industry, is pleased
to announce the addition of W. Bradford Armstrong as Senior Associate in the
firm`s Radnor, Pennsylvania office, effective immediately.

As Senior Associate, Mr. Armstrong becomes the twelfth member of the investment
team which evaluates new investment opportunities in the financial services
industry for Lovell Minnick Partners, which has offices in the Los Angeles and
Philadelphia areas. Mr. Armstrong will provide advice and support to existing
portfolio companies and will assist in managing the firm`s private equity
partnerships totaling over $700 million. Mr. Armstrong will report to Managing
Director James E. Minnick and Principal Spencer P. Hoffman.

Mr. Armstrong joins Lovell Minnick Partners from Bank of America Merrill Lynch`s
Financial Institutions Group, where he was an Investment Banking Associate. In
the Financial Institutions Group, Brad focused on transactions involving
commercial and trust banks, asset managers and financial technology companies.
Previously, Brad was an Assistant Vice President in Bank of America`s Finance
Group, where he was responsible for managing financial reporting and budgeting
for the bank`s global call center operations. Brad began his career in a
strategic development department at Wachovia Corporation.

Brad received an MBA in Finance from the Kellogg School of Management at
Northwestern University and a Bachelor of Science in Business Administration
from the Kenan-Flagler Business School at the University of North Carolina at
Chapel Hill.

"Brad is an important addition to our investment team and his exceptional skills
will be particularly valuable as we analyze investment opportunities in the
banking industry," said James Minnick.

Lovell Minnick Partners is currently investing Lovell Minnick Equity Partners
III LP. This Partnership is focused on investments in the North American market
in various financial segments, including asset management, financial planning,
financial product distribution, specialty finance, securities brokerage, private
banking, outsourcing providers and related companies specializing in
administration and business services.

About Lovell Minnick Partners

Lovell Minnick Partners LLC is an independent private equity firm providing
buyout and growth capital to companies in the financial services industry. From
offices in the Los Angeles and Philadelphia areas, Lovell Minnick manages
private equity partnerships totaling over $700 million on behalf of qualified
private and institutional investors. Portfolio companies of Lovell Minnick
operate in various areas of the global financial services industry, including
asset management, financial product distribution, outsourced administration
services, securities brokerage, and financial consulting. For more information
regarding Lovell Minnick Partners visit www.LovellMinnick.com.

Lovell Minnick Partners
Jeffrey D. Lovell, 310-414-6160

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