Lipper Advisory Services, Inc. - Registered Investment Advisor advising institutions and wealthy individuals on the use of investment company portfolios

Lipper Consulting Services, Inc. - Consults with members of financial community on strategic, tactical and valuation topics

Managing MemberL&S Partners I, LLC - A private investment fund investing in financial services industry

ChairmanMBO Advisors, LLC A registered investment advisor

FundWatchDog Services LLC - An education and communication services provider for independent fund directors

FounderFundsWorld - Milan based Internet fund channel concentrating on financial services and funds

Mr. Lipper founded Lipper Analytical Services, Inc., an investment firm dedicated to the analysis of funds and brokerage firms in 1973. He sold it to Reuters Group plc in 1998. Reuters has transformed the firm into Lipper Inc.

Mr. Lipper has been active in various industry associations. For 1993-1994 term, he served as President of the New York Society of Security Analysts. He has served on the Society's Board for some part of each of the last three decades and was, for many years, the chairman of the Investment Strategy Forum/Portfolio Management Committee. Mr. Lipper has been a Regional Director of the Financial Analysts Federation and a Director of the International Society of Financial Analysts. He also is a Past Chairman of the Specialty Firms Advisory Committee to the New York Stock Exchange Board of Directors.

In terms of Mr. Lipper's "pro bono" New Jersey activities, he is Chairman of the Investment Sub-committee and a member of the Financial Oversight Committee of Atlantic Health Systems, Trustee of Drew University and Co-chair of its Finance Committee and a member of the New Jersey Performing Arts Center Endowment Committee.

After graduating from Columbia College in 1957, Mr. Lipper joined the U.S. Marine Corps. In 1960, he left active duty as a Communications Officer/Combat Cargo Officer to embark on his professional career as a securities analyst. He and his wife Ruth live in Summit, New Jersey. He has four grown children living in New Jersey, California and England. His wife was Senior Vice President of Lipper Inc.

In 1987, the No Load Mutual Fund Association awarded him the "No Loan Mutual Fund Association Achievement Award". He is a member of Barron's All Century Team.