SOURCE: Terra Nova Financial Group, Inc.

June 23, 2008 12:53 ET

Terra Nova Financial, LLC Named "Broker of the Year for Emerging Managers" for Second Consecutive Year

CHICAGO, IL--(Marketwire - June 23, 2008) - Specialized financial services firm Terra Nova Financial LLC, a subsidiary of Terra Nova Financial Group, Inc. (OTCBB: TNFG), has been named "Broker of the Year for Emerging Managers" for the second consecutive year at Opal Financial Group's 2008 Emerging Manager Summit.

This honor was bestowed by a judging panel that included industry specialists from Opal Financial Group and leading institutional investors, and was awarded before an audience of emerging managers, pension plans, fund of funds and broker dealers during a luncheon ceremony at the Marriot Hotel in Chicago.

"We are extremely honored to be recognized for the value we deliver to the emerging and active manager community," said Michal Nolan, President, Terra Nova Financial. "Receiving this award in successive years is especially rewarding, as it validates our continued focus on this segment of the market. We are committed to our core value proposition in this space: a balance of advanced trading technology platforms and personal, experienced customer support to drive a prime brokerage solution that is cost-effective for managers of all sizes."

Terra Nova's appeal to the emerging manager community comes at a time of significant change in the prime brokerage industry.

"Larger, more traditional prime brokerage firms are no longer interested in supporting the emerging managers, as it is viewed as unprofitable business," said Steven Simmons, Director of Prime Services, Terra Nova Financial. "Terra Nova views this as a tremendous opportunity to distinguish ourselves as a company that partners in our clients' growth. Knowing that many of our clients nominated us for the award is evidence that our dedication to the emerging manager is addressing a need and making a difference."

"Opal Financial Group is honored to have the opportunity to recognize Terra Nova Financial as the 2008 Broker of the Year for Emerging Managers," said Abe Wellington, CEO, Opal Financial Group. "Steve Simmons and his team at Terra Nova have greatly contributed to newly established and emerging hedge fund managers."

About Terra Nova Financial

Terra Nova Financial, LLC is a specialized financial services firm focused on supporting trading professionals. Professional traders, hedge funds and money managers come to Terra Nova for unmatched value in execution, clearing and prime brokerage services. This recognition originated with the firm's role as the sponsoring broker-dealer for the innovative Archipelago ECN and has been further earned through its proven mastery of the client experience. Through a portfolio of advanced technology tools, Terra Nova empowers self-directed clients to trade, analyze, strategize and report with the precision professionals require. Terra Nova's team is built to enhance the impact of these tools by providing swift, flexible care and insight, with one goal in mind: clients' success.

Terra Nova Financial, LLC and Tradient Technologies, Inc. are wholly owned subsidiaries of Terra Nova Financial Group, Inc., a public company trading on the OTCBB market. Terra Nova Financial Group, Inc., through its subsidiaries, primarily operates as a registered broker-dealer and service bureau, covering the equities, equity options, futures and foreign exchange markets. Tradient Technologies, Inc. operates Terra Nova's technology development activities. Terra Nova was founded in 1994 and is headquartered in Chicago, IL. Visit and

Contact Information

  • Media Contact:
    Christopher Hartman

    Investor Relations Contact:
    Gregg J. Fuesel