Pittsburgh's Allegheny Financial Group Among the Largest Financial-Planning Firms in the Nation

PITTSBURGH, Oct. 19— Allegheny Financial Group, a Pittsburgh-based financial-planning and investment-management firm, is the 17th largest financial-planning firm in the U.S., according to the latest ranking from RIA Database, an independent data company serving the Registered-Investment-Advisor industry. The results were published in the Oct. 12 issue of Investment News, a financial-planning trade publication.

Founded in 1976 to provide objective, comprehensive financial advice rather than sell proprietary investment instruments or services, Allegheny and its affiliate Allegheny Investments now provide financial guidance and investment-management services to more than 10,000 clients in over 40 states and the District of Columbia. The enterprise has 68 financial advisors, manages $2.5 billion of client investments and has a professional support staff of 60.

"The principles on which the firm was founded— combining unbiased advice and high professional and ethical standards— are a major reason for the firm's growth and success," said Jim Browne CFP®, Principal and Founding Partner.

The RIA ranking is based on assets under management at registered investment advisory firms that serve primarily individual investors and derive less than half of their revenue from managing proprietary financial instruments.

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Contact: David Jeter, Senior Vice President

412.536.8012, djeter@alleghenyfinancial.com