PlanMember Financial Corporation Receives Investments from Lovell Minnick Partners and Caltius Mezzanine Partners

PlanMember Financial Corporation Receives Investments from Lovell Minnick Partners and Caltius Mezzanine Partners

CARPINTERIA, November 21, 2006 – PlanMember Financial Corporation, a leading financial services marketing and distribution company with over $1 billion in assets under management, today announced that it has entered into a recapitalization transaction with Lovell Minnick Partners and Caltius Mezzanine Partners. Lovell Minnick, a private equity firm that specializes in the global financial services industry, has invested $10 million in equity capital in PlanMember, and Caltius, a Los Angeles-based mezzanine investment firm, has provided $10 million in mezzanine financing.

PlanMember markets a unique proprietary retirement plan advisory program called the PlanMember Services Program that delivers a broad array of retirement plan services to plan sponsors and participants through independent representatives and affinity and membership groups. These services include personalized planning and investment advisory services for individuals as well as complete plan sponsor consulting and administration services for employers and institutional alliance partners. PlanMember is led by CEO and Founder Jon Ziehl, along with COO Terry Janeway and Senior Vice President of Marketing and Product Development Richard Ford.

Mr. Ziehl stated, “We are pleased to have attracted Lovell Minnick and Caltius to our company. With these new partners, we are not only receiving investment capital to complete our recapitalization, but are also aligning ourselves with knowledgeable partners to meet our growth and expansion objectives.” Jeffrey Lovell, Managing Director of Lovell Minnick Partners said, “As investors in financial services companies, we have been impressed with PlanMember’s deep focus on the retirement segment. The company has built a strong platform which can be leveraged for the benefit of its customers, employees, and shareholders.” Michael Kane, Managing Director of Caltius, stated, “We have enjoyed working with Jon and his team throughout this process, and continue to be impressed with the level of talent and experience throughout the PlanMember organization.”

About PlanMember Financial Services
Based in Carpinteria, California, PlanMember Financial Corporation markets, administers and manages retirement plan investment products and services for individuals, employers and institutional alliance partners. PlanMember actively manages over $1 billion of clients’ assets and has over 400 independent sales professionals throughout all 50 states. The company has approximately 80 employees. For more information about PlanMember Financial Corporation please visit

About Lovell Minnick Partners
Lovell Minnick Partners is an independent investment firm which provides buyout and growth capital to developing companies in the global financial services industry. From offices in Los Angeles and Philadelphia, Lovell Minnick manages partnerships totaling over $350 million for qualified private and institutional investors. Portfolio companies of Lovell Minnick operate in various areas of financial services including asset management, financial product distribution, securities brokerage, and financial consulting services. Limited Partners of Lovell Minnick include Aegon U.S.A Inc., Eaton Vance, Invesco, Goldman Sachs, PPM America, and National Bank of Canada. For more information about Lovell Minnick Partners please visit

About Caltius Mezzanine Partners
Based in Los Angeles, Caltius Mezzanine has been a reliable financial partner to management teams and equity sponsors since 1997, providing capital in amounts of $5 million to $35 million for companies in a broad range of industries to support acquisitions, recapitalizations, buyouts, and organic growth. For more information, please visit

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