Press Release

Fidelity Investments Selects Salient Wealth Management
For High-Net-Worth Advisory Program

San Rafael, CA - February 27, 2007 - Salient Wealth Management LLC, whose founder Richard Stone was recently honored by Worth Magazine as one of the nation’s Top 100 wealth advisors, today announced that it has been selected by Fidelity Investments for inclusion in Wealth Advisor SolutionsSM, an extension of Fidelity’s offering for high-net-worth investors.

Introduced in late 2006 by the Boston-based financial services firm, Wealth Advisor Solutions offers Fidelity’s customers the ability to establish relationships with qualified, independent registered investment advisor (RIA) clients of Fidelity.

Created in 1983, Salient has nearly $400 million in funds under management for a client base composed primarily of C-level executives and other affluent families throughout Northern California. Stone is chief executive officer and president of the firm.

For advisors to qualify for Fidelity Wealth Advisor Solutions, they must meet certain criteria involving a detailed evaluation of their business model, level of experience and the products and services they offer.

“We are extremely pleased to have been selected to participate in this program,” Stone said. “We were told that we were selected because our comprehensive wealth management services complement Fidelity’s guidance offering for its high-net-worth customers and we could be an appropriate choice for those customers who are seeking the personalized service offered by a fee-based advisor.”

In announcing the program, Scott Dell’Orfano, executive vice president, Fidelity Registered Investment Advisor Group, said:  “Registered Investment Advisors can be the answer for many of Fidelity’s customers who are seeking wealth management expertise.  Through Wealth Advisor Solutions, we have created a program to benefit everyone—helping Fidelity’s high-net-worth customers identify an advisor to help them meet their distinct financial needs, and helping our advisor clients expand their client base and grow their business.”

Stone, one of the original 28 Certified Financial Planners chartered in the United States in 1973, has been recognized by Worth Magazine, a national publication devoted to wealth management, five times as one of the Top 100 wealth advisors.
“Our clients look to us for specific planning and execution to fulfill their needs in wealth preservation, investment strategy and estate planning,” said Stone, “and over the past two decades our approach has allowed us to grow while continuing to provide leading edge wealth management services, combined with institutional-grade investment research and strategies.”
Salient Wealth Management was formerly known as Salient Financial Corp.

About Fidelity Registered Investment Advisor Group

Fidelity is a leading provider of wealth management, custody and brokerage services to financial intermediaries. The company custodies nearly $248 billion in assets on behalf of over 3,400 RIAs and 170 bank trust and TPA firms, as of December 31, 2006.  Fidelity provides access to a flexible, open technology environment, extensive practice management resources, and wealth management investments and services – all backed by the long-term commitment of a private company.  Dedicated relationship professionals work consultatively to help clients choose the products and services that are in the best interests of their clients and make the most sense for their business.  For more information about Fidelity’s services, please visit http://ria.fidelity.com.

About Salient Wealth Management

Salient Wealth Management (www.salientwealth.com) is one of the oldest privately-held wealth management firms in the Bay Area.  Founded by Richard Stone, a 38-year veteran of the investment business, Stone established the company in Marin County in 1983.  Salient currently has nearly $400 million in assets under management and serves a clientele of affluent Northern California investors with a minimum of $2 million to invest. 

Salient Wealth Management LLC and Fidelity Investments are independent organizations and are not affiliated.