WealthTouch Names New CEO, Expanded Management Team and New Board of Directors : Substantial Growth in Recent Years Makes WealthTouch the Preeminent Global Provider of Consolidated Portfolio Accounting and Expense Management for Ultra-High-Net-Worth Families

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WealthTouch, a financial services technology firm that provides portfolio aggregation, reconciled reporting and general ledger/bill payment services to the ultra-high-net-worth market, announced today that Norman Jones, well-known international business consultant and entrepreneur, has been named the firm’s chief executive officer.

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Our newly expanded executive team will help us continue to set the bar and meet the unique needs of our clients during this fast-changing market.

Jones brings unique insight to his role as CEO of WealthTouch, with more than 15 years of experience working with ultra-high-net-worth individuals and money managers. Raised in South Africa, he has served as a business consultant and entrepreneur in Asia, Europe and the United States, often working closely with the clientele WealthTouch now serves. He holds a bachelor's degree in business from the University of Cape Town and a master's degree in business administration from IMD, the world's top-ranked international business school in Lausanne, Switzerland.

WealthTouch has also appointed James Shehigian, formerly with Private Client Resources, as executive vice president and chief relationship officer, and Steve Kosten, a National Security Agency-trained engineer, as the firm's vice president of information security.

"WealthTouch has become the standard in financial reporting for ultra-high-net-worth families," explains Gloria Higgins, co-founder of WealthTouch and current chairman of the board of directors. "Our newly expanded executive team will help us continue to set the bar and meet the unique needs of our clients during this fast-changing market."

Over the past two years, WealthTouch's client portfolio of $50 million-and-up families has grown by more than 560 percent, making it one of the world's leading providers of information aggregation and reporting services for ultra-high-net-worth families and their trusted advisors.

WealthTouch works with the world's top financial institutions, family offices and foundations to provide ultra-high-net-worth families with sophisticated, cutting-edge reporting services that offer up-to-date, fully reconciled snapshots of their entire financial picture.

"Our engineers have been building and perfecting this technology since 1997," says Richard Higgins, co-founder and chief innovation officer at WealthTouch. Higgins and Carl Knecht, WealthTouch's chief technology officer, first created this unique aggregation technology with the founding of Digital Partners, a firm they sold to MyCFO Inc. in 1999.

"WealthTouch has been providing ultra-high-net-worth clients with the most accurate, concise, world-class financial reporting services since 2001," adds Higgins. "The strength of our leadership team and board reflects the tremendous growth and demand for our services."

WealthTouch's superior offerings are what led James Shehigian to join the company. "To have finally partnered with the pioneers that have made this technology possible, all of whom have focused on the ultra-high-net-worth market for decades, is an exciting opportunity," says Shehigian. "I look forward to building on the considerable success WealthTouch has already achieved."

The firm has also named two new directors to its board, Robin Abrams and Fred Horn. Abrams built an impressive track record both in the United States and abroad with nearly 35 years of senior management experience at a number of high-profile technology companies, including Unisys, Apple, BlueKite and Firefly Mobile. She was also the CEO of VeriFone and the CEO of Palm Computing.

Horn brings years of unparalleled experience in building highly scalable financial transaction systems to WealthTouch's board, including his leadership of the portfolio accounting platform at Goldman Sachs. Today, he is the CEO of Selero, a financial services firm providing highly automated trade execution solutions.

About WealthTouch Inc.

WealthTouch Inc. is a comprehensive reporting solution for ultra-high-net-worth families and their trusted advisors that includes consolidated portfolio accounting, expense management and multicurrency reporting. By combining proprietary technology with a deep understanding of the unique needs of the ultra-high-net-worth client, WealthTouch brings clarity and control to an otherwise complex financial picture. For more information, please visit http://www.wealthtouch.com.

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Collin Conaway
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