Merriman Capital Taps Raymond Godfrey for Investment Banking Financial Entrepreneur Platform

SAN FRANCISCO, May 22, 2012 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), today announced the appointment of Raymond H. Godfrey, Jr. as an advisor to Merriman and member of its Financial Entrepreneur Platform. Mr. Godfrey will head up a team of investment bankers on Merriman's Financial Entrepreneur Platform, designed as a new cost-effective outsourcing model to address a competitive investment banking environment.  Merriman contractually provides financial entrepreneurs with professional services, such as compliance and security licensing, facilities, legal services, distribution and technology infrastructure to help them grow their business.

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Mr. Godfrey will continue as Chairman and Managing Partner of Wealth Partners Capital LLC, a strategic advisory and merchant banking boutique formed in 2011 to present "under-the-radar" investment opportunities to sophisticated investor groups, including small institutions, endowments, family offices, and ultra-high net worth individuals, both domestically and internationally.  Mr. Godfrey launched the new firm after his retirement from Needham & Co., an independent investment bank and asset management firm, which he co-founded in 1985.  Mr. Godfrey left Needham for a period, and returned in 2000 after Gruntal & Co. acquired Hampshire Securities where Mr. Godfrey had been a Partner in charge of Equity Capital Markets. Early in his career, Mr. Godfrey spent several years at The First Boston Corporation where he was a member of its original investment banking business development group.

Mr. Godfrey will initially be joined by Managing Director, Garrett McKenna, who spent several years at JP Morgan Chase in asset management.  He built a capital markets advisory platform that merged with Mass Mutual and then founded The Kentros Group, a real estate capital markets boutique. 

"I have known and admired Jon Merriman for fifteen years and always looked for ways to work with him more closely.  I believe he has the vision and capabilities to take full advantage of the opportunities presenting themselves in this rapidly consolidating industry where there are fewer and fewer firms left to advise an underserved growth company market niche," Mr. Godfrey said. "The Merriman platform gives us a strong foundation and flexibility to grow our business and take advantage of multiple opportunities to connect investors and management teams of the highest pedigree."  

Jon Merriman commented: "Ray is putting together a dynamic team of bankers that we believe will significantly expand the business of our Financial Entrepreneur Platform. He has a great reputation in our business and an array of contacts that are invaluable to new business generation. Ray is an ideal partner, from his deep industry knowledge as the co-founder of a prominent Wall Street investment bank to his respected approach in working with companies, entrepreneurs and institutional investors."

About Merriman Capital, Inc.

Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. The firm also provides capital raising, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR) and is the leading investment banking firm for OTCQX companies. For more information, please go to http://www.merrimanco.com/.

Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/.

Note to Investors

This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on March 30, 2012. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K filed on March 30, 2012, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."

SOURCE Merriman Holdings, Inc.

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