ASSET ALLIANCE ACQUIRES EQUITY INTEREST IN MONARCH BUSINESS AND WEALTH MANAGEMENT, LLC
05/24/2012

Asset Alliance Corporation, through its subsidiary, Asset Alliance Wealth
Management, has acquired an equity interest in Monarch Business and Wealth Management, LLC.

Online PR News – 24-May-2012 – New York/NY – Asset Alliance Corporation, through its subsidiary, Asset Alliance Wealth
Management, has acquired an equity interest in Monarch Business and Wealth Management, LLC. Monarch a financial and life management company founded by Barry Klarberg. Monarch represents professional athletes,
internationally acclaimed entertainers and high net worth families.

“We believe that our two firms will provide a full-service platform to meet the special needs associated with Monarch’s clientele,” said Bruce Lipnick, Chairman & CEO of Asset Alliance. “Joining forces with Barry
Klarberg, CEO of Monarch, the acquisition brings together a team of professionals with vast experience,integrity, and an understanding of how to preserve and increase the wealth of our clients.”

In conjunction with Asset Alliance Wealth Management, Monarch continues to offer clients a full suite of family office service and integrate those with the components of Asset Alliance’s distinct wealth management
system. Monarch also seeks to continue to expand the scope of its business and wealth management services through synergistic partnerships and acquisitions of complementary businesses.

Klarberg was recently Senior Managing Director of Guggenheim Partners, LLC, heading up Guggenheim Wealth Services’ New York office. He began his career at Deloitte & Touche, where he was the firm’s National
Director of Sports and Entertainment, before founding KRT Business Management. Barry authored “Winning Tax Strategies and Planning for Athletes and Entertainers,” a book considered to be a leading resource within the business management profession. He received a BBA in Accounting and a MS in Taxation from PaceUniversity.

About Asset Alliance:
Asset Alliance Corporation, founded in 1996 and headquartered in New York, is a privately held company
that strategically invests in diversified alternative asset management firms and provides specialized investment products and services to institutions and high-net-worth individuals. The company continues to expand the firm’s global presence through joint ventures and distribution of specialized products throughout Europe, Asia
and the Middle East.

About Monarch Business and Wealth Management:
Monarch Business and Wealth Management, LLC is a financial and life management business founded and run by Barry Klarberg. Monarch represents professional athletes, internationally acclaimed entertainers and
high net worth families. The Company applies a holistic approach to servicing its clients’ needs combined with a non-conflicted approach to risk assessment based on the leading edge thinking in finance, economics and psychology. Business, wealth management and family office services include wealth planning, tax advisory,business planning and advisory, insurance and risk management, and estate planning.