DETROIT, May 9 /PRNewswire-FirstCall/ -- Comerica Bank and Independent Portfolio Consultants, Inc. (IPC), a registered investment advisor firm based in Boca Raton, FL, today announced an alliance to provide Comerica's professional trustee services. IPC specializes in correspondent managed account services.

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The alliance enables IPC's correspondents, primarily insurance companies and financial and estate planning organizations, to offer their clients a complete array of fiduciary services, including personal trust, estate settlement and institutional trust services.

"We're excited to join with IPC to offer fiduciary services," said Bob Sajdak, senior vice president of Comerica. "The IPC team shares our passion for serving clients with integrity and professionalism. We look forward to helping IPC correspondents with their trust service needs."

"Our mission is to be the investment professional's preferred choice for a unique, service-oriented approach to managed accounts for their high net worth and small institutional clients," said Alan Bush, president of IPC. "Adding Comerica's trust capabilities gives our investment professionals even more ways to provide customized solutions to their clients' needs."

About IPC

At March 31, 2006, IPC maintained approximately 680 individual client relationships representing over $1.8 billion in client assets.

About Comerica

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Detroit, strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships and helping businesses and people to be successful. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts .

SOURCE: Comerica Bank

CONTACT: Sara Snyder of Comerica Bank, +1-313-222-9617,
slsnyder@comerica.com

Web site: http://www.comerica.com/
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