Jurika & Voyles launches private client group to serve the high net worth market.

OAKLAND, Calif.--(BUSINESS WIRE)--Oct. 5, 1995--Jurika & Voyles, Inc., an independent investment management firm serving individuals, corporate pension and profit sharing plans, endowments and foundations, with $4 billion assets under management, has launched a new Private Client Group.

The group was created to more formally focus on the specialized investment objectives and service needs of the high net worth market. The group is available to high net worth investors with a minimum of $2 million to invest.

"The formation of the Private Client Group will expand both the level and the range of services we can offer the high net worth market, including custom portfolio management and strategy, after tax reporting and planning, management of assets held in personal trusts and charitable trusts, on-line portfolio access and educational programs.

"Clients will have personal contact with their portfolio managers, who will customize each portfolio to fit the client's unique investment goals, tolerance to risk and the client's individual tax situation," said Glenn Perry, vice president of the Private Client Group.

According to Perry, who joined the firm earlier this year from Northern Trust to head the Private Client Group, the Group will start with approximately 125 of Jurika & Voyles' existing clients.

Jurika & Voyles was formed in 1983 and its investment professionals average more than 20 years of experience in the investment business. Jurika & Voyles features a `commonsense' approach to investing, founded on a combination of the principles of value and growth, that focuses on fundamentally strong, growing companies that are undervalued and offer significant potential for appreciation.

"We measure a company's performance not by the fluctuations in the market price of its stock, but by its growing value as a business. We buy financially solid, growing companies that are undervalued relative to the market. Our approach to stock selection is founded on our belief that buying a stock is buying ownership in a business, and portfolios should be viewed as a collection of ownerships of businesses.

"By constructing portfolios of such high quality businesses that are tailored to our Private Client Group's special investment objectives, we can provide superior, customized account management and service," said William Jurika, president of Jurika & Voyles.

In conjunction with the formation of the Private Client Group, Jurika & Voyles is opening an additional office in San Francisco in October 1995 to offer added convenience to its clients across the Bay Area.

CONTACT: Jurika & Voyles, Inc.

Glenn Perry or Chris Bittman, 510/446-1991

Neal Rosen or Mary Waters, 415/397-2686