David B. Loeper, CIMA®, CIMC®

Chairman / CEO

David B. Loeper is a Certified Investment Management Analyst^SM, a Certified Investment Management Consultant^SM and the CEO of Financeware, Inc. which does business as Wealthcare Capital Management. An SEC Registered Investment Adviser with nearly 25 years experience, Loeper has appeared on CNBC and has been a featured contributor on Bloomberg TV.

Loeper joined Wheat First Securities as vice president of investment consulting in 1988, where he served for 10 years. He was promoted to managing director of investment consulting, and then eventually to managing director of strategic planning for the retail brokerage division. He left his position at Wheat First Securities in 1999 to found Financeware.

Active in industry associations throughout his career, Loeper has been a member of the Investment Management Consultants Association (IMCA) for over 20 years, serving on the advisory council for more than 5 years, most recently as chairman. Loeper was also appointed by the governor of Virginia to serve on the Investment Advisory Committee of the nearly $30 billion Virginia Retirement System. He received his CIMA® designation in 1990 by completing a program offered through Wharton Business School, in conjunction with IMCA.

Drawing on years of experience in financial services including serving as a fiduciary for all types of ERISA plans, Loeper has authored numerous whitepapers and books including the top selling book, Stop the 401k Rip-off! as well as The Four Pillars of Retirement Plans, Stop the Retirement Rip-off and Stop the Investing Rip-off.

Robert P. Wilson, CPA

Chief Financial Officer / Chief Compliance Officer

Mr. Wilson served as Managing Director and Treasurer of First Union Corporation's Retail Securities Group, which is now part of Wells Fargo Advisors, the third largest retail brokerage organization in the United States. His last assignments at First Union included M&A analysis and acquisition due diligence and financial analysis on First Union's e-commerce brokerage strategy.

Mr. Wilson joined First Union following the merger of First Union and Wheat First Butcher Singer, Inc. in 1998. At Wheat First, he was Managing Director and Treasurer with over 17 years of finance, accounting, financial systems, capital utilization and risk management experience in a variety of positions, including serving as Chairman of Wheat First's Capital Markets and Fully Disclosed Clearing Credit Committees. Prior to joining Wheat First, Mr. Wilson worked for three years in public accounting with Ernst & Young. He earned a B.S. degree in Accounting from Virginia Tech and a M.S. in Business with a Finance concentration from Virginia Commonwealth University.

Karen K. Nelson

Senior Vice President / Chief Products Officer

Ms. Nelson comes to Financeware, Inc. with extensive project management and systems analysis experience in various vertical markets. She has managed many diverse development projects ranging from financial application development projects to a major supply chain re-engineering project. Prior to joining Financeware in 2000, Ms. Nelson served as Manager of Mid-Atlantic Application Development for The Allied Group. While at The Allied Group, Ms. Nelson managed application development projects for such companies as: AOL Time Warner, National Geographic, Sun Microsystems, General Motors, Phillip Morris, NEXTEL and others. Prior to working with The Allied Group, Ms. Nelson was with the Westvaco Corporation managing numerous system analysis and information system development projects.

Ms. Nelson holds degrees in computer science and business administration.

John ("Jack") J. Cully

Senior Vice President / Investment Manager

With nearly thirty years of investment industry experience advising high net worth individuals, families and retirement plans, Mr. Cully delivers objective and continuous life relative financial advice to clients of The Cully Wealth Management Group. His past experience includes Wachovia Securities as a Senior Vice President-Investment Officer and Senior Private Investment Management Portfolio Manager. Prior to joining Wachovia Securities in 2002, he was with Merrill Lynch as Vice President, Private Investment Advisor Portfolio Manager.

The father of three children and a lifelong resident of the Pittsburgh area, Jack attended Clarion University on a football scholarship and earned a B.A. in Business Management. In addition to being an Ironman® Triathlete, he is committed to community service and supporting positive growth for our youth through his activities with North Allegheny Tiger Pride Youth Football and the Ingomar Franklin Park Athletic Association.

William B. Akers

Vice President, Wealthcare Analyst

Mr. Akers joined Financeware in October 2000 and is a regional manager for the firm's Wealthcare Capital Management business. Mr. Akers' responsibilities include; training and support, financial plan preparation and instructor for the Certified Wealthcare Analyst program. He is a member of IMCA (Investment Management Consultants Association) and the Financial Planning Association. Prior to joining Financeware, Mr. Akers worked in the electronic voting machine and private election services industry.

Mr. Akers earned a degree in Business Finance with a Minor in German from Virginia Commonwealth University and a Post Baccalaureate Certificate in Financial Planning from Boston University. He is currently pursuing the Certified Financial Planner® designation.

John C. Corrigan

Wealthcare Analyst

Mr. Corrigan served as Managing Director and founder of Customer Analytics Consulting, LLC, and focused on customer-facing behavior analytics to improve the client experience and corporate profitability, specializing in the Financial Services industry. He worked with 17 different companies in four countries. Prior to that, Mr. Corrigan served for nine years at Capital One within their Small Business division where he was in charge of operations and evaluating customer behavior. He was also a Mission Commander, flying the P-3C while serving in the U.S Navy. Mr. Corrigan passed the CFP® exam in November 2004 and has operated his own Financial Planning firm, Personal Financial Experiences, LLC.

Mr. Corrigan completed his MBA at Old Dominion University and graduated from Penn State University with a B.S. in Nuclear Engineering.

T. Rutherfoord Ferguson

Associate Vice President, Wealthcare Analyst

Rutherfoord Ferguson joins Wealthcare Capital Management from Wachovia Securities where he served as a Vice President of Business Development within FiNet, the firm's independent broker-dealer. In this role, he consulted experienced financial advisors across the country to join Wachovia Securities as independent contractors. Rutherfoord began his career at Branch, Cabell & Co. where he worked in fixed income trading. He then went to Mentor Investment Group where he worked in relationship management before moving to New York to join Thomas Weisel Partners in a sales capacity. In addition to his 10 years of financial services experience, Rutherfoord spent four years managing a service oriented family business.

Rutherfoord holds a B.A. from Hampden-Sydney College.

William J. Malla

Vice President, Controller

Prior to joining Financeware, Mr. Malla was an Associate Vice President with First Union Securities. Mr. Malla served in several different capacities at First Union, the last being a Financial Analyst in the Profit Formula program, a semi-independent representative business, where he managed the compensation program. Mr. Malla was also involved in financial systems, commission and compensation systems integration, performance reporting for the managed accounts area, and various other human resources and benefits areas.

Mr. Malla has a B.S. degree in Finance from Virginia Tech.

Brandy E. Nelson

Vice President, Portfolio Management

Ms. Nelson joined Financeware in May 2004. She has worked in numerous functions during her tenure including consulting with major institutional clients of the firm on technical aspects of the Wealthcare process, relationship management with corporate retirement plans and ERISA third party administrators, model portfolio design and research for college and university retirement plans, researching and designing trading systems and processes, designing individual Wealthcare plans, as well as accounting, tax analysis and trade approvals. She now leads our portfolio management team for the firm's Wealthcare Capital Management business. In this role, Ms. Nelson's responsibilities include supervision of portfolio management, trading operations, and performance measurement for client accounts and portfolio models.

Ms. Nelson earned a degree in Business Administration from the University of Mary Washington.

Edward ("Gary") Wirwille, CRPC®

Vice President, Retirement Plans

Mr. Wirwille has more than 20 years of qualified and non-qualified retirement plan experience, most recently as a Business Development Director for RSM McGladrey's Retirement Resources covering the Mid-Altantic and Northeast. His depth of experience in the industry includes plan design, funding, communication, education and administration. As Vice President of Retirement Plan Consulting Services of Wachovia Securities, LLC. Mr. Wirwille played a critical role in the strategic marketing, development and sales of retirement plan business.

Mr. Wirwille has a bachelor's degree from Virginia Tech and a Retirement Plans Associate's designation from the Wharton School of the University of Pennsylvania. He earned the Chartered Retirement Plan Counselor® designation through the College for Financial Planning and also earned the Accredited Investment Fiduciary® designation through the Center for Fiduciary Studies at the University of Pittsburgh.

Kenneth R. Wolf, CPA

Wealthcare Analyst

Mr. Wolf served as Managing Director and Treasurer of Wachovia Securities, now Wells Fargo Advisors, the nation's third largest retail brokerage firm with over $15 billion in assets. He was responsible for external bank relationships and funding, short and long term balance sheet management, cash management, net interest income, and financial and regulatory capital management. During his 16-year career with the firm and its predecessors, he also served as Director of Financial Planning and Analysis, with responsibility for profitability analysis of acquisitions and firm initiatives, and as Chairman of the firm's Benefits Committee.

Mr. Wolf is a Certified Public Accountant and a Certified Treasury Professional. He holds a B.S. degree in Finance and an M.B.A. from Virginia Commonwealth University.

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