Concord Appoints David Mittelman as
Managing Director

Matawan, NJ- October 25, 2007 – Concord, a leader in outsourced wealth management solutions, has named David Mittelman as Managing Director. He reports to Lee D. Argush, Chief Executive Officer.

Mr. Mittelman’s primary responsibility is to plan, organize and direct administrative and operational support functions.

Mr. Mittelman joined Concord with over fourteen years of industry experience from Pershing Advisor Solutions, where he was Assistant Vice President of Operations.

“David’s appointment was prompted by Concord’s continued dramatic growth,” said Mr. Argush. “It is essential for Concord to continue to grow in a controlled and disciplined manner, and David will be a key contributor to that effort.”

Mr. Argush added, “Based on his experience as Operations Manager with Pershing Advisor Solutions, David already has a great understanding of a wealth management platform and an appreciation of the Concord platform’s flexibility and universal architecture

Mr. Mittelman is a graduate of State University of New York at Oswego and holds Series 7,9,10 and 63 licenses.

About Concord

Concord designs, develops, and administers wealth management programs for numerous financial institutions including Trust and Private Banking Firms, independent financial advisors, broker dealers and family offices. Concord’s team of experienced financial and technology professionals is frequently called upon to consult on open architecture wealth management platform design elements resulting in customized solutions for the wealth management intermediary. By integrating some of the world’s best money managers with the financial institution’s existing asset management talent, Concord is able to dramatically expand the firm’s asset management capabilities. Thorough manager due diligence, comprehensive portfolio design techniques, trust accounting and custodial interfaces, performance reporting, and numerous analytical tools are delivered to the client via an extremely robust technology platform. Please visit www.concordwealthmanagement.com.

For further information, please contact Holly Hankins, 732.335.0800 ext. 9719, h.hankins@concordwealthmanagement.com