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Verity's Top Ranked Fund Joins Placemark Investments' UMA Marketplace(R) Platform

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| Source: Verity Asset Management

DURHAM, N.C., Feb. 27, 2012 (GLOBE NEWSWIRE) -- Verity's Small-Mid Cap Value portfolio is now available to financial advisors at TD Ameritrade Institutional, Schwab Institutional, Pershing Advisor Solutions, and Fidelity Institutional Wealth Services RIA custodial platforms, through Placemark's UMA Marketplace® Platform.

"We see this as a potentially very productive distribution strategy," said Steve Lewis, Portfolio Manager. "Advisors are always looking for new, high-quality small and mid-cap portfolios in crafting solutions for their clients," CIO Gordon Wegwart added, "The UMA Marketplace® Platform is an environment where we think our strategy will stand out among its peers, and where it can easily complement other strategies in crafting a diversified solution."

Randy Bullard, Executive Vice President with Placemark Investments said, "We are excited to partner with Verity and offer the Verity strategies to the advisor community. We always see demand from advisors for quality Small and Mid-Cap strategies, and I think Verity has an interesting story that advisors will want to hear." 

The Verity Small-Mid Cap Value strategy was ranked as the top performer for the one year period ending 9/30/2011 in both the Small-Mid Value (#1 out of 59 portfolios) and the Small Cap Value (#1 out of 232 portfolios) universes by PSN Informa*, one of the largest separately managed account databases.

Steve Lewis brings nearly 25 years of investment experience to the development of the security selection process used in managing this portfolio, and has been a member of Verity's investment management team since 2006. Previously, Steve worked for Dreyfus and JPMorgan Chase, and also managed the Global Navigator Fund L.P., a hedge fund.

*PSN Informa is a service of Informa Investment Solutions (IIS), the investment industry's leading premier provider of online applications and outsourced services, including data management and performance measurement.

All investing involves risk of loss, and past performance provides no guarantee of future results.

About Verity

Verity Asset Management, Inc. is an SEC-Registered Investment Adviser that provides investment advisory services encompassing multiple lines of business, including: (1) Comprehensive account management for Individual Investors; (2) Consulting and investment advisory services to Retirement Plan Sponsors, with expertise in both the educational tax-exempt and corporate 401(k) plans markets; (3) Institutional Account management, with a focus on small endowments and foundations; and (4) Investment Adviser Solutions, providing turnkey account management platforms for other advisory firms.

Established in 1996, Verity maintains headquarters at Diamond View II overlooking the North Carolina Durham Bulls Athletic Park in Durham's historic American Tobacco Historic District.

The Verity Asset Management, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11769

About Placemark Investments

Placemark Investments develops wealth management solutions, including Unified Managed Account programs for registered investment advisors.  Placemark's UMA Marketplace® platform is the most flexible UMA solution available to RIAs, allowing advisors to create custom solutions for their clients utilizing any combination of mutual funds, ETFs, and managed account strategies. UMA Marketplace® offers a full suite of services and is integrated with leading custodial platforms, performance reporting vendors, and research providers to the wealth management industry.

Contact for Verity Asset Management:
Steve Lewis
+1.919.354.3069


Client Contact for Placemark Investments:
David Caffrey
Vice President, Institutional Business Development
+1.305.846.9078


Media Contacts Placemark Investments:
Holly Noyes
Marketing, Institutional Business Development
+1.781.371.4000