RunMoney Corporation Receives Second Mellon Ventures Investment

Apr 16, 2001, 01:00 ET from RunMoney Corporation

    SAN DIEGO, April 16 /PRNewswire/ -- RunMoney Corporation, a business to
 business provider of comprehensive managed money platforms integrating elite
 professional investment management and back office support, today announced a
 further undisclosed venture capital investment by Mellon Ventures, Inc., a
 subsidiary of Mellon Financial Corporation (NYSE:   MEL), a Fortune 500 global
 financial services company with over $500 billion in assets under management.
 "Mellon's continued commitment to RunMoney will help drive us toward capturing
 leadership of the individually managed account market," said Robert B.
 Jorgensen, chief executive officer and founder of RunMoney.  "Financial
 services firms are eager to meet advisor demand for superior, personalized
 investments to better serve their customers and grow business.  Mellon's
 expertise is a tremendous asset to our endeavors."
     The Mellon Ventures investment in RunMoney comes amid significant
 concentration by venture capital on selective, solid investments, among which
 RunMoney has been identified.
     Paul Cohn, Principal of Mellon Ventures, said, "Clearly, we're impressed
 with RunMoney and its mission to deliver its unique set of IMA offerings to
 the financial services industry with the ability to meet increasing investor
 demand for elite money management.  This is a very attractive and rapidly
 developing market.  RunMoney's advantages over the competition are clearly
 differentiated and we're pleased to be a part of the team."
 
     Mellon Ventures, Inc., an affiliate of Mellon Financial Corporation, makes
 equity-related investments of between $3 million and $25 million in rapidly
 growing operating companies.  With offices in Atlanta, Los Angeles, New York,
 Philadelphia and Pittsburgh, Mellon Ventures, Inc. invests at all stages of
 the growth cycle, from early stage venture capital to later stage growth
 financings and buyouts.  Mellon Ventures has over $1.3 billion under
 management.  Additional information is available at www.mellonventures.com.
 
     RunMoney Corporation is an SEC registered investment advisor, providing
 direct access to world-class money managers and elite service via
 state-of-the-art technology.  RunMoney offers business-to-business solutions
 enabling financial services institutions, including banks, CPAs and insurance
 companies, to readily provide fee-based consultative investment management
 products and services to their clients.  RunMoney is headquartered in San
 Diego, California.
 
 

SOURCE RunMoney Corporation
    SAN DIEGO, April 16 /PRNewswire/ -- RunMoney Corporation, a business to
 business provider of comprehensive managed money platforms integrating elite
 professional investment management and back office support, today announced a
 further undisclosed venture capital investment by Mellon Ventures, Inc., a
 subsidiary of Mellon Financial Corporation (NYSE:   MEL), a Fortune 500 global
 financial services company with over $500 billion in assets under management.
 "Mellon's continued commitment to RunMoney will help drive us toward capturing
 leadership of the individually managed account market," said Robert B.
 Jorgensen, chief executive officer and founder of RunMoney.  "Financial
 services firms are eager to meet advisor demand for superior, personalized
 investments to better serve their customers and grow business.  Mellon's
 expertise is a tremendous asset to our endeavors."
     The Mellon Ventures investment in RunMoney comes amid significant
 concentration by venture capital on selective, solid investments, among which
 RunMoney has been identified.
     Paul Cohn, Principal of Mellon Ventures, said, "Clearly, we're impressed
 with RunMoney and its mission to deliver its unique set of IMA offerings to
 the financial services industry with the ability to meet increasing investor
 demand for elite money management.  This is a very attractive and rapidly
 developing market.  RunMoney's advantages over the competition are clearly
 differentiated and we're pleased to be a part of the team."
 
     Mellon Ventures, Inc., an affiliate of Mellon Financial Corporation, makes
 equity-related investments of between $3 million and $25 million in rapidly
 growing operating companies.  With offices in Atlanta, Los Angeles, New York,
 Philadelphia and Pittsburgh, Mellon Ventures, Inc. invests at all stages of
 the growth cycle, from early stage venture capital to later stage growth
 financings and buyouts.  Mellon Ventures has over $1.3 billion under
 management.  Additional information is available at www.mellonventures.com.
 
     RunMoney Corporation is an SEC registered investment advisor, providing
 direct access to world-class money managers and elite service via
 state-of-the-art technology.  RunMoney offers business-to-business solutions
 enabling financial services institutions, including banks, CPAs and insurance
 companies, to readily provide fee-based consultative investment management
 products and services to their clients.  RunMoney is headquartered in San
 Diego, California.
 
 SOURCE  RunMoney Corporation

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