UNITED
      STATES SECURITIES AND EXCHANGE COMMISSION





Washington,
      D.C. 20549





FORM
      10-QSB/A





x QUARTERLY
      REPORT
      UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the
      quarterly period ended September 30, 2007





o TRANSITION
      REPORT
      UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT





Commission
      file number:  333-104631





Premier
      Wealth Management, Inc.





(Exact
      name of small business issuer as specified in its charter)





Delaware
            43-1988542(State or other jurisdiction of incorporation or organization)
            (IRS Employer Identification No.)





Elenion
      Building 5, Them. Dervis Street, 3rd Floor, CY-1066 Nicosia, Cyprus


Address
      of principal executive offices





011-357
      22 503 212


(Issuer's
      telephone number)





Check
      whether the issuer (1) filed all documents and reports required to be filed
      by
      Section 13 or 15(d) of the Exchange Act during the last 12 months(or for such
      shorter period that the registrant was required to file such reports)and (2)
      has
      been subject to such filing requirements for the past 90 days x Yes o
      No





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). Yes o No x





There
      were 23,580,767 common stock shares issued and outstanding as of November 14,
      2007.





Transitional
      Small Business Disclosure Format (Check one):  Yes
o  No
x







Premier
      Wealth Management, Inc.





Table
      of
      Contents





Part
                I.
            Financial
                Information
            3Item
                1.
            Financial
                Statements (Unaudited)
            3Consolidated
                Balance Sheets
              September
                30, 2007 and December 31, 2006
            4Consolidated
                Statements of Operations
              three
                and nine months ended September 30, 2007 and 2006
            5Consolidated
                Statements of Cash Flows
              nine
                months ended September 30, 2007 and 2006
            7Notes
                to Consolidated Financial
              Information
                September 30, 2007
            8Item
                2.
            Management's
                Discussion and Analysis of Financial Condition and Results of
                Operation
            15Item
                3.
            Controls
                and ProceduresPart
                II.
            Other
                Information
            26Item
                1.
            Legal
                Proceedings
            26Item
                2.
            Unregistered
                Sales of Equity and Use of Proceeds
            26Item
                6.
            Exhibits
            27Signatures
            28


-
          2 -


**PART
      I - FINANCIAL INFORMATION**





**Item
      1. Financial Statements**





The
      accompanying unaudited consolidated financial statements of Premier Wealth
      Management, Inc. for the nine months ended September 30, 2007 have been prepared
      by our management and do not include all information and notes to the financial
      statements necessary for a complete presentation of the financial position,
      results of operations, and cash flows in conformity with accounting principles
      generally accepted in the United States of America. In the opinion of
      management, all adjustments considered necessary for a fair presentation of
      the
      results of operations and financial position have been included and all such
      adjustments are of a normal recurring nature.





Operating
      results for the nine months ended September 30, 2007, are not necessarily
      indicative of the results that can be expected for the year ending December
      31,
      2007.


-
          3 -


**Premier
      Wealth Management, Inc.**


**(formerly
      Tally-Ho Ventures, Inc)**


**Consolidated
      Balance Sheets**


**(unaudited)**





**September 30,**
            
            **December 31,****2007**
            
            **2006****(restated)****ASSETS****CURRENT
                ASSETS**Cash
                and cash equivalents
            
            $
            720,164
            
            $
            447,454Marketable
                securities
            
            
            71,136
            
            
            388,576Accounts
                receivable
            
            
            62,813
            
            
            113,316Prepaid
                expenses
            
            
            10,627
            
            
            94,169Total
                current assets
            
            
            864,740
            
            
            1,043,515Property
                and equipment, net
            
            
            73,345
            
            
            59,141Intangibles,
                net
            
            
            149,365
            
            
            -Deposits
            
            
            41,321
            
            
            -Customer
                list, net
            
            
            6,151,561
            
            
            7,329,520Goodwill
            
            
            198,779
            
            
            198,779Assets
                from discontinued operations
            
            
            18,644,702
            
            
            17,931,538**TOTAL
                ASSETS**
            
            $
            26,123,813
            
            $
            26,562,493**LIABILITIES
                AND SHAREHOLDERS’ EQUITY****CURRENT
                LIABILITIES**Accounts
                payable
            
            $
            424,468
            
            $
            556,243Due
                to related party
            
            
            245,817
            
            
            -Accrued
                expenses
            
            
            333,697
            
            
            1,077,832Short
                term debt
            
            
            2,080,000
            
            
            5,659,656Stock
                payable
            
            
            81,196
            
            
            874,392Liabilities
                from discontinued operations
            
            
            8,266,619
            
            
            8,813,198Put
                option liabilities
            
            
            3,000,000
            
            
            4,056,240Derivative
                liability
            
            
            -
            
            
            1,559,055Total
                current liabilities
            
            
            14,431,797
            
            
            22,596,616**SHAREHOLDERS’
                EQUITY**Common
                stock, $0.001 par value; 75,000,000 shares authorized; 23,480,767
                and
                14,192,162 shares issued and outstanding
            
            
            23,481
            
            
            14,193Additional
                paid-in-capital
            
            
            14,229,841
            
            
            6,395,508Other
                comprehensive gain (loss)
            
            
            1,006,693
            
            
            (110,906
            )Accumulated
                deficit
            
            
            (3,567,999
            )
            
            (2,332,918
            )Total
                shareholders’ equity
            
            
            11,692,016
            
            
            3,965,877**TOTAL
                LIABILITIES AND SHAREHOLDERS’ EQUITY**
            
            $
            26,123,813
            
            $
            26,562,493





The
      accompanying notes are an integral part of the financial
      statements.


-
          4 -


Premier
      Wealth Management, Inc.


(formerly
      Tally-Ho Ventures, Inc.)


Consolidated
      Statements of Operations


(unaudited)





For the Three Months Ended
            
            For the Nine Months Ended(restated)
            
            
            
            (restated)September 30,
              2007
            
            September 30,
              2006
            
            September 30,
              2007
            
            September 30,
              2006Advisory
                commissions received
            
            $
            825,318
            
            $
            286,139
            
            $
            3,455,771
            
            $
            286,139Commissions
                paid to advisors
            
            
            (374,128
            )
            
            (97,115
            )
            
            (1,048,263
            )
            
            (97,115
            )Selling
                general & administrative
            
            
            (1,512,088
            )
            
            (353,433
            )
            
            (3,356,853
            )
            
            (363,749
            )Depreciation
                & amortization
            
            
            (407,480
            )
            
            (131,053
            )
            
            (1,192,786
            )
            
            (131,053
            )INCOME
                (LOSS) FROM OPERATIONS
            
            
            (1,468,378
            )
            
            (295,462
            )
            
            (2,142,131
            )
            
            (305,778
            )Other
                Income (Expense):Interest
                income
            
            
            (27,872
            )
            
            188
            
            
            64,553
            
            
            188Interest
                expense
            
            
            (147,109
            )
            
            (87,591
            )
            
            (299,571
            )
            
            (1,704,776
            )Liquidated
                damages
            
            
            (81,196
            )
            
            -
            
            
            (81,196
            )
            
            -Gain
                (loss) from derivatives
            
            
            -
            
            
            (172,341
            )
            
            -
            
            
            176,233LOSS
                BEFORE INCOME TAX
            
            
            (1,724,555
            )
            
            (555,206
            )
            
            (2,458,345
            )
            
            (1,834,133
            )Income
                tax expense
            
            
            (6
            )
            
            (25,991
            )
            
            (821
            )
            
            (25,991
            )LOSS
                FROM CONTINUING OPERATIONS
            
            
            (1,724,561
            )
            
            (581,197
            )
            
            (2,459,166
            )
            
            (1,860,124
            )Gain
                from sale of discontinued operations
            
            
            -
            
            
            -
            
            
            -
            
            
            1,292,498Income
                from discontinued operations
            
            
            1,355,662
            
            
            516,863
            
            
            1,224,085
            
            
            472,163NET
                LOSS
            
            $
            (368,899
            )
            $
            (64,334
            )
            $
            (1,235,081
            )
            $
            (95,463
            )BASIC
                  & DILUTED NET LOSS PERSHARE
            
            $
            (0.02
            )
            $
            (0.01
            )
            $
            (0.06
            )
            $
            (0.01
            )DISCONTINUED
                OPERATIONS
            
            
            0.06
            
            
            0.04
            
            
            0.06
            
            
            0.05CONTINUING
                OPERATIONS
            
            
            (0.08
            )
            
            (0.05
            )
            
            (0.12
            )
            
            (0.18
            )BASIC
                & DILUTED WEIGHTEDAVERAGE
                SHARES OUTSTANDING
            
            
            21,981,580
            
            
            12,170,606
            
            
            20,987,917
            
            
            10,333,583





The
      accompanying notes are an integral part of the financial
      statements.


-
          5 -


(Premier
      Wealth Management, Inc.)


(formerly
      Tally-Ho Ventures, Inc.)


Consolidated
      Statement of Shareholders’ Equity


Nine
      Months Ended September 30, 2007


(unaudited)





ADDITIONAL
            
            OTHER
            
            
            
            TOTALCOMMON STOCK
            
            PAID-IN
            
            COMPREHENSIVE
            
            ACCUMULATED
            
            SHAREHOLDERS’SHARES
            
            AMOUNT
            
            CAPITAL
            
            INCOME
            
            DEFICIT
            
            EQUITY(DEFICIT)Balance
                at December 31, 2006 (Restated)
            
            
            14,192,162
            
            $
            14,193
            
            $
            6,395,508
            
            $
            (28,506
            )
            $
            (2,332,918
            )
            $
            4,048,276Common
                shares issued for settlement of debt and accrued interest
            
            
            2,400,000
            
            
            2,400
            
            
            3,286,781
            
            
            -
            
            
            -
            
            
            3,289,181Settlement
                of derivative liability
            
            
            -
            
            
            -
            
            
            1,559,055
            
            
            -
            
            
            -
            
            
            1,559,055Common
                shares issued for prior year stock payable
            
            
            4,035,987
            
            
            4,036
            
            
            870,356
            
            
            -
            
            
            -
            
            
            874,392Common
                shares issued for services
            
            
            350,000
            
            
            350
            
            
            287,150
            
            
            -
            
            
            -
            
            
            287,500Common
                shares issued for cash, net of offering costs
            
            
            2,531,782
            
            
            2,531
            
            
            1,812,657
            
            
            -
            
            
            -
            
            
            1,815,189Repurchase
                and cancellation of treasury stock
            
            
            (279,164
            )
            
            (279
            )
            
            (206,416
            )
            
            -
            
            
            -
            
            
            (206,695
            )Stock
                issued for settlement of put option
            
            
            250,000
            
            
            250
            
            
            224,750
            
            
            -
            
            
            -
            
            
            225,000Other
                comprehensive income (loss):Translation
                adjustment
            
            
            -
            
            
            -
            
            
            -
            
            
            1,029,842
            
            
            -
            
            
            1,029,842Realized
                gain on marketable securities
            
            
            -
            
            
            -
            
            
            -
            
            
            (35,843
            )
            
            -
            
            
            (35,843
            )Realized
                loss settlement of put option
            
            
            -
            
            
            -
            
            
            -
            
            
            41,200
            
            
            -
            
            
            41,200Net
                loss
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            (1,235,081
            )
            
            (1,235,081
            )Total
                comprehensive income (loss)
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            (199,882
            )Balance
                at September 30, 2007
            
            
            23,480,767
            
            $
            23,481
            
            $
            14,229,841
            
            $
            1,006,693
            
            $
            (3,567,999
            )
            $
            11,692,016





The
      accompanying notes are an integral part of the financial
      statements.


-
          6 -


**Tally-Ho
      Ventures, Inc**


**Consolidated
      Statements of Cash Flows**


**(unaudited)**





**For the Nine Months Ended September 30,****(restated)****2007**
            
            **2006****Cash
                flows from operating activities**Net
                loss
            
            $
            (1,235,081
            )
            $
            (95,463
            )Net
                income from discontinued operations
            
            
            1,224,085
            
            
            472,163Net
                loss from continuing operations
            
            
            (2,459,166
            )
            
            (567,626
            )Adjustments
                to reconcile net loss from continuing operations to net cash flows
                used in
                operating activities:Stock
                for services
            
            
            287,500
            
            
            -Depreciation
            
            
            14,827
            
            
            4,113Amortization
                of customer list
            
            
            1,177,959
            
            
            130,884Amortization
                of debt discount
            
            
            274,535
            
            
            1,580,721Gain
                on sale of Belgravia Intervest Group
            
            
            -
            
            
            (1,292,498
            )Gain
                on sale of marketable securities
            
            
            (28,641
            )
            
            -Gain
                on derivative liability
            
            
            -
            
            
            (176,233
            )Stock
                issued for settlement of put option
            
            
            225,000
            
            
            -Loss
                on settlement of put option
            
            
            77,520
            
            
            -Changes
                in assets and liabilities:Accounts
                receivable
            
            
            50,503
            
            
            (421,442
            )Prepaid
                expenses and other current assets
            
            
            42,221
            
            
            199,658Accounts
                payable
            
            
            48,225
            
            
            (192,854
            )Accounts
                payable – related parties
            
            
            245,817
            
            
            -Stock
                payable
            
            
            81,196
            
            
            -Accrued
                expenses and other current liabilities
            
            
            (569,665
            )
            
            116,625Cash
                used in continuing operations
            
            
            (532,159
            )
            
            (618,652
            )Cash
                used in discontinued operations
            
            
            (35,657
            )
            
            (304,847
            )Net
                cash used in operating activities
            
            
            (567,816
            )
            
            (923,499
            )**Cash
                flows from investing activities**Additional
                investment in stock of Master Finance
            
            
            -
            
            
            (2,000,000
            )Cash
                received in Master Trust acquisition
            
            
            
            
            
            338,590Cash
                paid for additional interest in Master Finance
            
            
            1,092,560
            
            
            -Sale
                of marketable securities
            
            
            377,836
            
            
            -Purchase
                of marketable securities
            
            
            (67,599
            )
            
            -Sale
                of Belgravia Intervest Group
            
            
            -
            
            
            250,000Purchase
                of fixed assets
            
            
            (178,397
            )
            
            -Net
                cash used in investing activities from continuing
                operations
            
            
            (960,719
            )
            
            (1,411,410
            )**Cash
                flows from financing activities**Proceeds
                from sale of stock, net of offering costs
            
            
            1,815,189
            
            
            276,000Borrowings
                on debt
            
            
            -
            
            
            1,400,000Payments
                on short term debt
            
            
            (206,695
            )
            
            -Principal
                payments on debt
            
            
            (919,491
            )
            
            -Net
                cash provided by financing activities from continuing
                operations
            
            
            689,003
            
            
            1,676,000Currency
                translation adjustment
            
            
            1,112,242
            
            
            845,584Net
                change in cash and cash equivalents
            
            
            272,710
            
            
            186,675**Cash
                and cash equivalents**Beginning
                of year
            
            
            447,454
            
            
            -End
                of period
            
            $
            720,164
            
            $
            186,675**Supplemental
                disclosures of cash flow information**Cash
                paid for interest
            
            $
            -
            
            $
            -Cash
                paid for taxes
            
            
            -
            
            
            -**Non
                Cash Investing and Financing Transactions:**Purchase
                of customer list with deposit
            
            
            676,936
            
            
            -Common
                stock issued for notes payable and accrued interest
            
            
            3,289,181
            
            
            -Debt
                assumed for treasury stock
            
            
            206,695
            
            
            -Dividend
                to minority interest
            
            
            129,282
            
            
            85,615Derivative
                liability settled with stock
            
            
            1,559,055
            
            
            -Common
                stock issued for stock payable
            
            
            874,392
            
            
            4,704,362Unrealized
                gain on marketable securities
            
            
            
            
            
            42,248Put
                option on stock issued for Master Trust acquisition
            
            
            -
            
            
            3,000,000Put
                option for additional interest in Master Finance
            
            
            -
            
            
            1,015,040Acquisition
                of Master Trust:Fair
                value of assets acquired
            
            
            -
            
            
            7,122,428Less:
                fair value of liabilities acquired
            
            
            -
            
            
            (829,223
            )Net
                assets acquired
            
            
            -
            
            
            6,293,205Non-cash
                consideration:-Stock
                payable for acquisition
            
            
            -
            
            
            780,000-Note
                payable assumed for acquisition
            
            
            -
            
            
            2,588,206-Shares
                issued for acquisition
            
            
            -
            
            
            2,925,000Total
                non-cash consideration
            
            
            -
            
            
            6,293,206





The
      accompanying notes are an integral part of the financial
      statements.


-
          7 -


**Premier
      Wealth Management, Inc.**


**(formerly
      Tally-Ho Ventures, Inc.)**


**Notes
      to Consolidated Financial Statements**


**(Unaudited)**




1.
      Basis
      of Presentation and Significant Accounting Policies




The
      accompanying unaudited consolidated financial statements of have been prepared
      in accordance with the rules and regulations of the Securities and Exchange
      Commission. Accordingly, they do not include all of the information and
      footnotes required by Generally Accepted Accounting Principles for complete
      financial statements. In the opinion of management, all adjustments necessary
      to
      present fairly the consolidated financial position of Premier Wealth Management,
      Inc. as of September 30, 2007 and the results of its operations and cash flows
      for the three and nine month periods ended September 30, 2007 and 2006 have
      been
      included. The results of operations and cash flows for the three and nine month
      periods are not necessarily indicative of the results to be expected for any
      other interim period or the full year. The balance sheet at December 31, 2006
      has been extracted from the audited financial statements for the year ended
      December 31, 2006 but does not include all the information and footnotes
      required by accounting principles generally accepted in the United States for
      complete financial statements. These consolidated financial statements should
      be
      read in conjunction with the audited consolidated financial statements and
      notes
      thereto for the year ended December 31, 2006.




The
      preparation of financial statements in conformity with accounting principles
      generally accepted in the United States requires estimates and assumptions
      that
      affect the reported amounts of assets and liabilities, revenues and expenses,
      and related disclosures of contingent liabilities in the consolidated financial
      statements and accompanying notes. Estimates are used for, but not limited
      to,
      valuation of investments, receivables valuation, sales returns, incentive
      discount offers, depreciable lives of fixed assets, valuation and lives of
      acquired intangibles, income tax, stock-based compensation, and contingencies.
      Actual results could differ materially from those estimates.





Revenue
      Recognition


Premier
      recognizes revenue when persuasive evidence of an arrangement exists, services
      have been rendered, the sales price is fixed or determinable, and collectability
      is reasonably assured.





Premier’s
      subsidiaries provide financial advice to their clients and clients invest money
      based on advice of officers or consultants of the subsidiaries. The subsidiary
      is paid commissions on the basis of funds placed by the client with the
      investment product provider. Upon receipt of documents proving investment by
      the
      client, the transaction is considered complete and the commission can be
      considered earned.





For
      some
      client investments, the subsidiaries will arrange for bank loans to the clients
      to increase their investment amount. When this is arranged, the bank pays the
      subsidiaries a percentage of the margin charged by the banks for the loans
      made
      by the clients. These loan commissions are considered earned as funds are
      received from the banks. $0 and $1,119,078 was received related to these loan
      commissions for the three and nine months ended September 30, 2007,
      respectively.





Reclassifications


Certain
      prior year amounts have been reclassified to conform with the current year
      presentation.





Discontinued
      Operations


Premier
      presents the results of operations, financial position and cash flows of
      operations that have either been sold or that meet the criteria for "held for
      sale accounting" as discontinued operations. At the time an operation qualifies
      for held for sale accounting, the operation is evaluated to determine whether
      or
      not the carrying value exceeds its fair value less cost to sell. Any loss as
      a
      result of carrying value in excess of fair value less cost to sell is recognized
      in the period the operations meet held for sale accounting. Management judgment
      is required to (1) assess the criteria required to meet held for sale
      accounting, and (2) estimate fair value. Changes to the operation could cause
      it
      to no longer qualify for held for sale accounting and changes to fair value
      could result in an increase or decrease to previously recognized
      losses.


-
          8 -


2.
      Going
      Concern




As
      shown
      in the accompanying financial statements, Premier had a working capital deficit
      as of September 30, 2007. This condition raises substantial doubt as to
      Premier’s ability to continue as a going concern. The financial statements do
      not include any adjustments that might be necessary if Premier is unable to
      continue as a going concern.




3.
      Purchase of Customer List





On
      January 3, 2007, Premier purchased the customer list of Primus Produkt &
Vertriebs- Management SA for $676,936. This customer list is part of the ‘assets
      from discontinued operations’ in the accompanying balance sheet.




4.
      Common
      Stock





During
      the first quarter of 2007, Premier issued:





-
            965,971
                shares of common stock with 1,050,000 warrants for cash of $1,050,000.
                The
                relative fair value of the stock and warrants sold in the transaction
                was
                $661,216 and $388,784, respectively. The placement agent in the
                transaction received cash of $93,250, 88,462 shares of common stock
                valued
                at $107,650, and 95,000 warrants valued at $55,858. All warrants
                granted
                in these transactions have a term of 2 years and are exercisable
                at $2.00
                per share. The warrants were valued using a Black-Scholes model with
                the
                following inputs: 1) number of warrants, exercise price and term
                as set
                forth in the agreements 2) market price on the date of grant 3) volatility
                of 143% and 4) discount rate of 5.00%. The warrants were analyzed
                under
                FAS 133 and EITF 00-19 and were determined not to require derivative
                treatment. All stock and warrants issued in these transactions are
                subject
                to a registration rights agreement that requires the registration
                of the
                securities 180 days from closing which is August and September 2007
                or
                Premier will owe liquidated damages of 10% of the securities issued
                to
                each investor payable in common stock. As of September 30, 2007,
                Premier
                has not performed under the registration rights agreement and has
                accrued
                105,443 shares valued at $81,196 as a stock payable.


-
            900,000
                shares of common stock to settle $1,429,166 of short term loans consisting
                of principal of $1,400,000 and accrued interest of
                $29,166.


-
            1,500,000
                shares of common stock to settle its 1,300,000 Euro convertible note,
                at
                the same time eliminating its derivative liability. The principal
                and
                interest were $1,714,700 and $145,315, respectively.


-
            4,035,987
                shares of common stock for prior period stock payable totaling
                $874,932.


-
            100,000
                shares of common stock valued at $100,000 for
                services.





On
      June
      27, 2007, Premier agreed to purchase 600,000 shares of Premier common stock
      from
      an investor in exchange for paying $550,000 of the investor’s debts. During the
      third quarter of 2007, Premier paid $206,695 of the investor’s debt and received
      and canceled 279,164 shares of Premier’s common stock. As of November 19, 2007,
      the remaining shares and debt under the original agreement have not been
      exchanged.




-
          9 -


During
        the third quarter of 2007, Premier issued:
 
 -
              250,000
                  shares of common stock valued at $187,500 for
                  services.
 -
              1,380,349
                  shares of common stock and 1,380,349 warrants to purchase common
                  stock at
                  $1.40 per share, expiring three years from the date of issuance
                  for
                  aggregate proceeds of $970,000. Premier committed to pay the placement
                  agent in the transaction cash of $111,561 and 97,000 shares of
                  common
                  stock and 97,000 warrants with an exercise price of $1.40. The
                  warrants
                  were analyzed under FAS 133 and EITF 00-19 and were determined
                  not to
                  require derivative treatment. All stock and warrants issued in
                  these
                  transactions are subject to a registration rights agreement that
                  requires
                  the registration of the securities 180 days from closing which
                  is January
                  2008 or Premier will owe liquidated damages of 10% of the securities
                  issued to each investor payable in common
                  stock.
 -
              250,000
                  shares valued at $225,000 for settlement of a prior year put option.
                  See
                  note 9 for details.
  5.
        Restatement
 
 As
        reported in the 8-K filed on November 2, 2007, in October 2007, Premier
        identified errors related to the December 31, 2006 financial statements.
        The
        accompanying balance sheet includes the restated amounts for December 31,
        2006
        as noted in that 8-K.
 
 Premier
        did not disclose the nature of a put option issued to Protrust Financial
        Services SA in connection with its acquisition of Protrust’s wholly owned
        subsidiary, Master Trust S.A. , formerly known as Protrust Private Clients,
        S.A.,. This acquisition was completed in August 2006 pursuant to a Share
        Pledge
        Agreement, a Put Option Deed issued to Protrust, a Transitional Services
        Agreement and a Sale and Purchase Agreement, the general terms of which were
        disclosed in previous filings. While the Put Option Deed was reflected within
        the financial statements of the foregoing reports, it was erroneously reflected
        as equity as opposed to a liability of $3,000,000 on the balance sheet of
        Premier for each of the reporting periods. This resulted in an understatement
        of
        liabilities and an overstatement of equity. The accompanying balance sheet
        reflects a reclassification of $3,000,000 between additional paid-in capital
        and
        put option liabilities to correctly state the put option.
 
 Premier
        did not disclose the nature of a put option issued to the minority owner
        of
        Master Finance, SA in connection with its acquisition of Master Finance Europe,
        SA and Master Finance Belgium, SA. The Master Finance acquisition was completed
        in September 2005 pursuant to a Sale and Purchase Agreement, the general
        terms
        of which were disclosed in previous filings. The purchase agreement was amended
        several times from September 2005 through September 2006. The amended purchase
        agreement in September of 2006 contained a put option related to the minority
        interest in Master Finance. This put option was not previously disclosed
        or
        accounted for. As a result of recording this put option, put option liabilities
        have increased by $1,056,240, minority interest has been reduced to $0 and
        goodwill has increased by $727,726. The increase in goodwill is included
        in
        assets from discontinued operations on the accompanying balance sheet. During
        July 2007, Premier settled this put option in cash. Through settlement of
        the
        put option, Premier acquired an additional 2.5% interest in Master Finance
        Europe, SA. Subsequent to September 30, 2007, Premier lost control of Master
        Finance, SA and its subsidiaries. See Note 7.
  -
            10 -
  Additionally,
          there were several errors identified in the previously filed September
          30, 2006
          financial statements. The following tables summarize the restatements and
          discontinued operations reclassifications for the three and nine months
          ended
          September 30, 2006:
  Previously
                    Stated
                
                
                
                RestatedThree Months Ended
                
                
                
                Three Months Ended30-Sep-06
                
                Adjustment
                
                30-Sep-06Advisory
                    commissions received
                
                $
                5,244,441
                
                $
                (4,958,302
                )**(1****)**
                $
                286,139Commissions
                    paid to advisors
                
                
                (2,350,905
                )
                
                2,253,790
                **(1)**
                
                (97,115
                )Selling
                    general & administrative
                
                
                (2,301,707
                )
                
                1,948,274
                **(1)**
                
                (353,433
                )Depreciation
                    & amortization
                
                
                (59,196
                )
                
                (71,857
                )**(3****)**
                
                (131,053
                )INCOME
                    (LOSS) FROM OPERATIONS
                
                
                532,633
                
                
                (828,095
                )
                
                (295,462
                )Other
                    Income (Expense):Interest
                    income
                
                
                (6,896
                )
                
                7,084
                **(1)**
                
                188Interest
                    expense
                
                
                -
                
                
                (87,591
                )**(2****)**
                
                (87,591
                )Gain
                    (loss) from derivatives
                
                
                -
                
                
                (172,341
                )**(4****)**
                
                (172,341
                )Income
                    attributable to minority interest
                
                
                (8,065
                )
                
                8,065
                **(1)**
                
                -INCOME
                    (LOSS) BEFORE INCOME TAX
                
                
                517,672
                
                
                (1,080,943
                )
                
                (555,206
                )Income
                    tax expense
                
                
                (18,141
                )
                
                (7,850
                )**(1****)**
                
                (25,991
                )INCOME
                    (LOSS) FROM CONTINUING OPERATIONS
                
                
                499,531
                
                
                (1,088,793
                )
                
                (581,197
                )Income
                    from discontinued operations
                
                
                -
                
                
                516,863
                **(1)**
                
                516,863NET
                    INCOME (LOSS)
                
                $
                499,531
                
                $
                (571,930
                )
                $
                (64,334
                )BASIC
                    & DILUTED NET LOSS PERSHARE
                
                $
                0.04
                
                $
                (0.04
                )
                $
                (0.01
                )DISCONTINUED
                    OPERATIONS
                
                
                -
                
                
                0.04
                
                
                0.04CONTINUING
                    OPERATIONS
                
                
                0.04
                
                
                (0.08
                )
                
                (0.05
                )BASIC
                    & DILUTED WEIGHTEDAVERAGE
                    SHARES OUTSTANDING
                
                
                13,937,985
                
                
                (1,767,379
                )**(5****)**
                
                12,170,606
 
 **(1)
          Reclassification of discontinued operations (see Note 7)**
 **(2)
          Amortization of previously unrecorded discount on note payable where discount
          related to embedded derivative**
 **(3)
          Amortization of previously unrecorded customer list purchased in Master
          Trust
          acquisition**
 **(4)
          Increase in fair value of previously unrecorded derivative
          liability**
 **(5)
          Error in calculation of weighted average shares
          outstanding**
 
 -
              11 -
 
 Previously
                    Stated
                
                
                
                RestatedNine Months Ended
                
                
                
                Nine Months EndedSeptember
                    30, 2006
                
                Adjustment
                
                September
                    30, 2006Advisory
                    commissions received
                
                $
                8,978,501
                
                $
                (8,692,362
                )**(1****)**
                $
                286,139Commissions
                    paid to advisors
                
                
                (4,009,051
                )
                
                3,911,936
                **(1)**
                
                (97,115
                )Selling
                    general & administrative
                
                
                (3,814,810
                )
                
                3,451,061
                **(1)**
                
                (363,749
                )Depreciation
                    & amortization
                
                
                (217,363
                )
                
                86,310
                **(1)**
                
                (131,053
                )INCOME
                    (LOSS) FROM OPERATIONS
                
                
                937,277
                
                
                (1,243,055
                )
                
                (305,778
                )Other
                    Income (Expense):Interest
                    income
                
                
                4,793
                
                
                (4,605
                )**(1****)**
                
                188Interest
                    expense
                
                
                -
                
                
                (1,704,776
                )**(2****)**
                
                (1,704,776
                )Income
                    from franchising
                
                
                562,689
                
                
                (562,689
                )**(3****)**
                
                -Gain
                    (loss) from derivatives
                
                
                -
                
                
                176,233
                **(4)**
                
                176,233Income
                    attributable to minority interest
                
                
                (27,238
                )
                
                27,238
                **(1)**
                
                -INCOME
                    (LOSS) BEFORE INCOME TAX
                
                
                1,477,521
                
                
                (3,338,892
                )
                
                (1,834,133
                )Income
                    tax expense
                
                
                (224,399
                )
                
                198,408
                **(1)**
                
                (25,991
                )INCOME
                    (LOSS) FROM CONTINUING OPERATIONS
                
                
                1,253,122
                
                
                (3,140,484
                )
                
                (1,860,124
                )Gain
                    from sale of discontinued operations
                
                
                -
                
                
                1,292,498
                **(5)**
                
                1,292,498Income
                    from discontinued operations
                
                
                -
                
                
                472,163
                **(1)**
                
                472,163NET
                    INCOME (LOSS)
                
                $
                1,253,122
                
                $
                (1,375,823
                )
                $
                (95,463
                )BASIC
                    & DILUTED NET LOSS PERSHARE
                
                $
                0.09
                
                $
                (0.10
                )
                $
                (0.01
                )DISCONTINUED
                    OPERATIONS
                
                
                -
                
                
                0.05
                
                
                0.05CONTINUING
                    OPERATIONS
                
                
                0.09
                
                
                (0.27
                )
                
                (0.18
                )BASIC
                    & DILUTED WEIGHTEDAVERAGE
                    SHARES OUTSTANDING
                
                
                13,937,985
                
                
                (3,604,402
                )**(6****)**
                
                10,333,583
 
 **(1)
          Reclassification of discontinued operations (see Note 7)**
 **(2)
          Amortization of previously unrecorded discount on note payable where discount
          related to embedded derivative**
 **(3)
          Reversal of uncollectible franchising income from an agreement that was
          cancelled**
 **(4)
          Decrease in fair value of previously unrecorded derivative
          liability**
 **(5)
          Previously unrecorded gain on sale of discontinued operations of Belgravia
          Intervest Group**
 **(6)
          Error in calculation of weighted average shares
          outstanding**
  -
              12 -
  6.
          Derivative
  In
          January 2007, Premier issued shares to convert the note payable that contained
          an embedded conversion option derivative. The related derivative liability
          of
          $1,559,055 was removed as a credit to additional paid in capital due to
          settlement of the note payable and derivative in Premier’s common
          stock.
  7.
          Discontinued Operations
  On
          October 5, 2007, Premier received a notice of default from Protrust Financial
          Services S.A. as it relates to a $3,000,000 Promissory Note dated August
          4, 2006
          and due August 4, 2007 which was issued by Premier as a purchase money
          note as
          part of the consideration for the acquisition of Master Trust S.A. (formerly
          a
          subsidiary of Protrust). This acquisition of Master Trust S.A., formerly
          known
          as Protrust Private Clients, S.A., was completed in August 2006 pursuant
          to a
          Share Pledge Agreement, a Put Option Deed, a Transitional Services Agreement
          and
          a Sale and Purchase Agreement, the general terms of which were disclosed
          in
          previous filings. Pursuant to the terms of the Protrust Acquisition, and
          among
          other provisions, Premier (i) issued the $3,000,000 promissory note to
          Protrust,
          (ii) issued 1.5 million shares of Premier’s common stock to Protrust with a put
          option right to sell such shares back to Premier at $2.00 per share (or
          a total
          of $3,000,000), at any time between August 5, 2006 and August 4, 2007 and
          (iii)
          as a security for the Promissory Note, pledged Premier’s ownership interest in a
          separate Belgium located subsidiary, Master Finance Holdings, S.A., to
          Protrust
          under the Share Pledge Agreement (the “Pledge”).
 
 The
          default notice presented by Protrust demanded payment of $1,927,605, the
          remaining principal balance of the Promissory Note, by October 12, 2007.
          On
          October 17, 2007 Premier received a notice through Protrust indicating
          that the
          Bailiff of the Luxembourg Court had sold Master Finance Holdings, S.A.
          by Public
          Auction at the Luxembourg Stock Exchange, with an effective date of October
          4,
          2007 for the sum of 100 Euros. This Public Auction was precipitated by
          Protrust’s Notice of Default which was served to Premier on October 5, 2007. In
          addition, on October 18, 2007, Premier received notice that the Put Option
          was
          exercised in July of 2007.
 
 On
          October 22, 2007 Premier entered into a Settlement Agreement with Protrust
          Financial Services Group S.A. The Agreement relates to the notice of default
          received from Protrust as it relates to a $3,000,000 Promissory Note and
          the
          $3,000,000 put option. Pursuant to the terms of the Agreement, each party
          agreed
          that the total debt owed to Protrust by Premier was $5,079,858 (the "Debt")
          (being $180,000 in legal expenses, $1,900,000 under the Promissory Note
          and
          $3,000,000 under the Put Option). In accordance with the Agreement, Premier
          will
          pay Protrust a total of $3,000,000 in $1,000,000 increments on November
          9, 2007
          (Premier defaulted on this payment), November 30, 2007 and December 31,
          2007 as
          full satisfaction of all liabilities due Protrust. In addition, pursuant
          to the
          terms of the Agreement, Premier has granted Protrust a first lien over
          all the
          issued and outstanding shares of Master Trust S.A., a wholly-owned subsidiary
          of
          Premier. Such pledge will be released upon receipt upon the payment and
          receipt
          of the November 9, 2007 and November 30, 2007 payments to Protrust. As
          of
          December 12, 2007, no payments had been made to Protrust.
  -
              13 -
  Based
          on
          the above Premier determined that Premier’s subsidiary Master Finance Holdings,
          S.A. (“Master Finance”), should be accounted for as a discontinued operation as
          of September 30, 2007 with the assets and liabilities of Master Finance
          presented as ‘Assets of discontinued operations’ and ‘Liabilities of
          discontinued operations’ in the Balance Sheet and the income and expenses of
          Master Finance presented as ‘Loss from discontinued operations’ in the Statement
          of Operations. The following is a summary of information related to the
          discontinued operations:
  Three
                    Months Ended
                
                Nine
                    Months EndedSeptember
                    30,
                
                September
                    30,2007
                
                2006
                
                2007
                
                2006Revenues
                
                $
                5,607,300
                
                $
                2,789,822
                
                $
                11,342,783
                
                $
                6,523,882Net
                    income (loss)
                
                
                1,355,662
                
                
                516,863
                
                
                1,224,085
                
                
                472,163
  8.
          Purchase of Starobin Partners, Inc. Assets
 
 On
          September 4, 2007, Premier acquired certain assets of Starobin Partners,
          Inc., a
          United States based holding company that holds equity interests in a wide
          range
          of private and publicly traded companies, in exchange for 750,000 common
          shares.
          In October 2007, Premier and Starobin agreed to suspend this acquisition
          until
          an unknown future date. As of November 19, 2007, Premier received back
          500,000
          shares of the 750,000 shares and is to receive back the remaining 250,000
          shares
          of common stock by the end of November. All shares will be canceled until
          such
          time both parties agree to renegotiated terms.
 
 9.
          Put
          Options
 
 In
          May
          2006 Premier issued an investor a put option on 250,000 of Premier’s common
          shares the investor owned. The put option was issued as an incentive for
          the
          investor to wait to sell his Premier shares. The put could be exercised
          from May
          1, 2007 through December 31, 2007. If exercised Premier has the option
          of paying
          $500,000 cash to the investor or issuing the investor 250,000 shares of
          common
          stock. The put was evaluated under FAS 150 and was determined to be equity
          and
          not a liability. During the third quarter of 2007, the put was exercised
          and
          Premier opted to issue the 250,000 shares of common stock which had a fair
          value
          of $225,000 resulting in put option expense for the period.
 
 In
          January 2006 Premier issued an investor a put option on 19,000 of Premier’s
          common shares the investor owned. The put option was issued as an incentive
          for
          the investor to wait to sell his Premier shares. The put could be exercised
          from
          September 1, 2007 through December 31, 2007. If exercised Premier has the
          option
          of paying $57,000 cash to the investor or issuing the investor 19,000 shares
          of
          common stock. The put was evaluated under FAS 150 and was determined to
          be
          equity and not a liability. As of September 30, 2007, the put has not been
          exercised by the holder.
 
 -
              14 -
  **Item
          2. Management’s Discussion and Analysis of Financial Condition and Results of
          Operation**
 
 **Caution
          Regarding Forward-Looking Information**
 
 This
          report contains forward-looking statements within the meaning of Section
          27A of
          the Securities Act. These statements relate to future events or the Company's
          future financial performance. We intend the forward-looking statements
          throughout this quarterly report and the information incorporated by reference
          to be covered by the safe harbor provisions for forward-looking statements.
          All
          projections and statements regarding our expected financial position and
          operating results, our business strategy, our financing plans and the outcome
          of
          any contingencies are forward-looking statements. These statements can
          sometimes
          be identified by the use of forward-looking words such as may, believe,
          plan,
          will, anticipate, estimate, expect, intend, and other words and phrases
          of
          similar meaning. Known and unknown risks, uncertainties and other factors
          could
          cause the actual results to differ materially from those contemplated by
          the
          statements. Although we believe these forward-looking statements are reasonable
          and our expectations are based on arguable assumptions, we cannot assure
          you
          these expectations will turn out to be correct. The statements contained
          in this
          report that are not historic in nature, particularly those that utilize
          terminology such as “may,” “will,” “should,” “expects,” “anticipates,”
“estimates,” “believes,” or “plans” or comparable terminology are
          forward-looking statements based on current expectations and assumptions.
          The
          forward-looking information is based on information available as of the
          date of
          this report on Form 10-QSB and on numerous assumptions and developments
          that are
          not within our control. The following discussion and analysis should also
          be
          read in conjunction with our unaudited financial statements and related
          notes
          included in this report and the “Forward Looking Statements” in above and the
“Risk Factors” set forth in our Annual Report on Form 10-KSB for the year ended
          December 31, 2006 and in our recent Quarterly Reports on Form 10-QSB, as
          well as
          other information in such reports and our Current Reports on Form 8-K,
          each as
          amended).
 
 **Description
          of Business**
 
 *History
          and Development of the Business*
 
 Premier
          Wealth Management, Inc. (“we”, “us” “our” or the “Company”) was incorporated on
          November 21, 2002 as a Delaware corporation. It operated a nominal movie
          production business until May 2005 when it agreed to a reverse merger with
          Belgravia Intervest Group Limited. On September 26, 2007, the Company changed
          its name from Tally Ho Ventures, Inc., to Premier Wealth Management, Inc.
          The
          Company recently lost one of its two businesses, Master Finance, in a
          foreclosure action. In addition, the Company is in technical default under
          $3,000,000 of indebtedness owed to Protrust, as a result of amounts owed
          to them
          from our previous acquisition of their subsidiary. Among other rights,
          Protrust
          may have the right to seek damages as well as request the sale or foreclosure
          of
          Master Trust if it is not paid timely. (See footnotes to financials above
          and
          additional information relating to Master Trust, below).
 
 On
          May
          12, 2005, the Company exchanged 4,563,490 common shares and 11,059,745
          options
          for 100% of the ownership interest in Belgravia Intervest Group Limited
          ("BIG"),
          an international business company registered in the British Virgin Islands.
          As a
          result of recapitalization following this reverse merger, BIG became the
          operating company and the business plan associated with Tally-Ho prior
          to the
          transaction was abandoned.
 
 On
          September 27, 2005, we purchased 85% of Master Finance Holdings SA, a
          Luxembourg-based company in the financial services industry. Master Finance
          Holdings SA and its two subsidiaries were acquired for $7,225,151, of which
          1.5
          million Euros was to be paid in cash, $100,000 to be paid in common shares
          at $5
          per share, 2.4 million in shares at the current market price and the remaining
          to be paid in the form of earn-out which was to be recorded as acquisition
          of
          minority interest. In April of 2006, we then acquired 2.5% of the 15% minority
          interest for 750,000 Euros. The Share Purchase Agreement, as subsequently
          amended and related agreements are incorporated by referenced into this
          filing
          form. This entity was recently lost to Protrust in a foreclosure action
          in
          September 2007, as discussed above and incorporated by reference
          herein.
 
 -
              15 -
  On
          December 15, 2005, we franchised the non-European distribution arm of BIG
          to
          Affinity Trust SA for 5 years with an option to the franchisee to acquire
          the
          ownership at the end of the franchising period. The franchise agreement
          called
          for the payment of $100,000 per calendar month, until maturity. Affinity
          Trust
          was a private wealth management firm with offices in a number of countries.
          Affinity Trust SA failed to perform under the franchise agreement and we
          cancelled the franchise agreement. We subsequently sold all of our interest
          in
          BIG to Centurion Finance, Inc on June 29, 2006 for $250,000.
 
 On
          August
          4, 2006, we purchased 100% ownership of Protrust Private Clients SA from
          its
          parent company Protrust Financial Services Group SA, a company incorporated
          in
          Ticino, Switzerland, for (i) US $2,000,000 in cash, (ii) a promissory note
          for
          US $3,000,000 and (iii) 1,500,000 common shares. Protrust was set up
          specifically to manage leveraged with-Profits investments for high net
          worth
          investors, under the terms of a discretionary management agreement. Over
          the
          last nine years, Protrust Private Clients SA built up a significant portfolio
          of
          funds under management, which generates a substantial ongoing revenue stream.
          Protrust is a fully authorized fiduciary company, subject to the regulatory
          control of the Swiss Cantonal government in Lugano, Switzerland. As such,
          Protrust Private Clients SA is able to offer a full range of services to
          clients, including full discretionary management, holding clients' assets
          in the
          company's name, and trading for clients over a wide range of assets including
          investments and real estate. Immediately after this acquisition, the name
          Protrust Private Clients SA was changed to Master Trust SA. On October
          22, 2007
          Premier entered into a Settlement Agreement (the “Agreement”) with Protrust
          Financial Services Group S.A. (“Protrust”). The Agreement relates to the notice
          of default received from Protrust as it relates to a $3,000,000 Promissory
          Note
          and the $3,000,000 put option. Pursuant to the terms of the Agreement,
          each
          party agreed that the total debt owed to Protrust by Premier was $5,079,858
          (the
          "Debt") (being $180,000 in legal expenses, $1,900,000 under the Promissory
          Note
          and $3,000,000 under the Put Option). In accordance with the Agreement,
          Premier
          will pay Protrust a total of $3,000,000 in $1,000,000 increments on November
          9,
          2007 (Premier defaulted on this payment), November 30, 2007 and December
          31,
          2007 as full satisfaction of all liabilities due Protrust. In addition,
          pursuant
          to the terms of the Agreement, Premier has granted Protrust a first lien
          over
          all the issued and outstanding shares of Master Trust S.A., a wholly-owned
          subsidiary of Premier. Such pledge will be released upon receipt upon the
          payment and receipt of the November 9, 2007 and November 30, 2007 payments
          to
          Protrust.
 
 On
          September 6, 2006, we modified the September 27, 2005 Master Finance purchase
          agreement to add a non-competition clause and to reduce the earn-out payment
          terms by $750,000.
 
 On
          November 14, 2006, we modified the payment terms of the Master Trust acquisition
          agreement and associated promissory note. Based on the new arrangement,
          the
          total outstanding liabilities to the vendors of Master Trust SA will be
          discharged from the earnings of Master Trust in installments.
 
 On
          January 3, 2007, we acquired the customer list and some employees of Primus
          Produkt - & Vertriebs - Management SA for 500,000 Euros. The name of the
          entity has been changed to Master Finance Switzerland SA. Primus was originally
          established in 1996 and changed its legal form into an authorized fiduciary
          trust in May 1998. Primus was set up specifically to manage leveraged
          with-profits investments for high net worth investors under the terms of
          a
          discretionary management agreement. Over the last eight years, Primus built
          up a
          significant portfolio of funds under management, which generates a substantial
          ongoing revenue stream.
 
 Primus
          has acted as an interface between United Kingdom and offshore life offices
          and
          independent intermediaries in Italy, Germany and the Far East and is regarded
          as
          one of the founders of leveraged `With-Profits Bond' business. Primus has
          engaged in and managed this type of business successfully for over a decade.
          The
          competitive advantage has come through specialization and concentration
          on a
          niche product and by providing services for investors and
          distributors.
  -
              16 -
  On
          February 14, 2007, we sold 206,992 common shares and 225,000 warrants to
          purchase Common Stock exercisable at $2 per share, expiring two years from
          the
          date of sale for an aggregate price of $225,000 by executing a Share Purchase
          Agreement and Registration Rights Agreement.
  On
          March
          1, 2007, we sold 275,989 shares of common stock and 300,000 warrants to
          purchase
          Common Stock exercisable at $2 per share, expiring two years from the date
          of
          sale for an aggregate price of $300,000 by executing a Share Purchase Agreement
          and Registration Rights Agreement.
  On
          March
          26, 2007, we sold 459,982 shares of common stock and 500,000 warrants to
          purchase Common Stock exercisable at $2 per share, expiring two years from
          the
          date of sale for an aggregate price of $500,000 by executing a Share Purchase
          Agreement and Registration Rights Agreement.
  On
          March
          28, 2007, the Company sold 23,000 shares of common stock and 25,000 warrants
          to
          purchase Common Stock exercisable at $2 per share, expiring two years from
          the
          date of sale for an aggregate price of $25,000 by executing a Share Purchase
          Agreement and Registration Rights Agreement.
  On
          September 26, 2007 the Company changed its corporate name to Premier Wealth
          Management, Inc. to reflect the Company’s financial services business.
 
 The
          funds
          raised were utilized for our working capital requirements.
 
 On
          April
          9, 2007, we terminated a certain Securities Purchase Agreement, dated as
          of
          October 13, 2006 with Mercatus & Partners, Ltd. On April 24, 2007, the
          parties to the SPA executed a Mutual Settlement and Release Agreement,
          which
          contains terms and provisions customary for agreements of such nature.
          Following
          the execution of the Release, Mercatus returned 1,571,428 shares of common
          stock
          of the Company issued under the SPA.
 
 On
          June
          26, 2007, Master Trust SA has received a license from Swiss Federal Banking
          Commission to operate as a fund distributor. This license would considerably
          increase Master Trust’s capacity to generate new business.
  On
          July
          12, 2007, we sold 999,992 shares of common stock and 999,992 warrants to
          purchase common stock exercisable at $1.40 per share, expiring three years
          from
          the date of sale for an aggregate price of $700,000 by executing a Share
          Purchase Agreement and Registration Rights Agreement.
 
 Management
          has plans to acquire new entities operating in the financial services industry
          and is reviewing various business proposals. However, the Company has not
          reached in any definitive agreements for the acquisition of new
          subsidiaries.
 
 *Industry
          Background*
 
 There
          are
          a large number of expatriate workers around the world. Due to the tax free
          status enjoyed by expatriates living in various countries, reduced cost
          of
          living in several countries and attractive perquisites for such expatriates,
          most of such expatriates are capable of retiring at an early age compared
          to
          those who are working in their home countries. Such expatriates would generally
          be interested in investing their savings in various international investment
          plans providing a regular pension during their retirement life. However,
          until
          the end of late 1990s, the number of companies specialized in providing
          financial advice to expatriate employees was small. In the late 1990s and
          early
          years of the current decade, several independent financial advisers set
          up their
          business outside their home countries and started advising the expatriate
          community.
 
 The
          small
          independent financial advisers who provide specialized services to individuals
          are not well established to provide the facility available to large enterprises
          and those large enterprises that provide services to the expatriate community
          were too big and generalized and therefore could not provide the personalized
          requirements of the investors. Such a situation created requirement of
          business
          entities that unite the operations of independent financial advisers to
          bring
          them under the umbrella of a large enterprise but still operating as a
          small
          entity with regard to the services being provided to their individual
          clients.
 
 -
              17 -
  Our
          main
          focus is to become an industry leader among such institutions who hold
          small
          independent financial advisers under ownership without neutralizing the
          uniqueness and tradition of such small entities. Most of the successful
          small
          entities are managed by families or trusts and are successfully operating
          for
          several years due to the credibility or personal charisma of individuals
          who
          lead these businesses. We therefore are focused on acquiring 100% ownership
          of
          such small firms while leaving the old management in place by providing
          them the
          required infrastructure to carry on with the business without making any
          adverse
          changes to the nature of personalized services provided by those individual
          institutions, while offering an economy of scale.
 
 We
          estimate that there is a large number of small independent financial advisers
          and see huge potential in acquiring several of those small firms to become
          an
          industry leader, while maintaining the management of the small
          companies.
 
 *Our
          Solution*
 
 We
          identify those successful companies which, in our estimate, may have technical
          problems due to the fact that their infrastructure is not developed or
          are
          facing problems with local regulators due to strict compliance standards
          which
          only a large organization can fulfill or facing problems to obtain terms
          of
          business with top level product providers due to the fact that these small
          institutions cannot comply with the minimum standards of such providers.
          Once
          such an institution is identified, we approach it and negotiate an acquisition.
          Once acquired, we address various issues related to infrastructure, regulatory
          matters and seek to establish business with investment houses and the profit
          of
          the acquired institutions shall be increased naturally.
 
 We
          acquire small companies that are, in our estimate, running at a loss due
          to the
          fact that their infrastructure is not developed and there is lack of sufficient
          and capable management and those also facing problems with local regulators
          due
          to strict compliance standards which only a large organizations can fulfill
          or
          facing problems to obtain terms of business with product providers due
          to the
          fact that these small institutions cannot comply with the minimum standards
          of
          such providers. Once we acquire such companies, we either amalgamate the
          loss
          making business to another successfully running subsidiary company or merge
          one
          or more loss making companies and put new management in place.
 
 *Our
          Strategy*
 
 While
          the
          subsidiaries are allowed to maintain their uniqueness in relation to their
          approach to clients, Premier Wealth Management, Inc. identifies priorities,
          targets and goals when developing the distribution capability and the business
          infrastructure. We identify the following characteristics as key to hitting
          our
          targets:
  A
                    track record of growing revenues and profits, and clearly identifiable
                    brand;A
                    business proposition that is supported by a clear, well-articulated
                    business plan and financial forecasts;A
                    business that has a compelling and believable story, with the
                    people,
                    systems and processes to support that story;An
                    infrastructure with competent and efficient management working
                    with common
                    systems, processes and controls; with internal procedures that
                    are robust
                    and consistent; and strong financial and compliance controls;A
                    company culture of clarity and consistency along with a shared
                    belief in
                    the overall client proposition and management standards and values.
 
 -
              18 -
  To
          comply
          with the enhanced standards recommended by various regulators based in
          OECD
          countries, the Company focuses on the design and implementation of financial
          templates for each distribution channel against which the business units
          within
          each channel can be measured. The Company is now focusing on the alignment
          of
          systems and controls, while building towards a commonality of culture across
          various distributions channels. Our efforts here are geared around client
          proposition which ensures that all independent financial advisors follow
          the
          same advice process, using the same documentation, and applying the same
          service
          standards, but keeping the identity and uniqueness of the respective
          entities.
 
 *Direct
          Operations*
 
 We
          do not
          conduct any business with direct customer interaction. All the business
          operations are conducted through our subsidiaries. There are various kinds
          of
          insurance policies designed by various product providers to suit the demands
          of
          different kinds of individuals. The terms and conditions of such policies
          depend
          on the institutions and our subsidiaries find the most suitable policy
          or
          investment scheme for any individual customer. Financial consultants associated
          with these subsidiaries are well trained and experienced in the localized
          insurance and investment industry and therefore are able to identify the
          needs
          of each individual which vary depending on home country, age and income
          level.
 
 The
          principal nature of business in which the subsidiaries are involved is
          classified in two areas:
 
 I.  Lump
          Sum Investments
 
 Where
          an
          individual has enough savings accumulated at the time of investment, such
          individual can invest in a scheme which would provide the investor either
          a
          fixed amount at the date of maturity or a regular income stream starting
          from a
          fixed date in the future until death or for a fixed time limit. The insurance
          companies who accept the funds from the individuals place the monies in
          various
          funds which bring better returns compared to interest revenue on bank deposits
          and thereby the investor will be able to obtain a higher return. Such
          investments are mainly made by employees who have already completed a long
          term
          of employment and who are about to retire and the purpose is to add revenue
          during their retirement years.
 
 II.  Regular
          Premium Investments
 
 Where
          an
          individual is employed and is in the early years of their career, they
          can
          commit to invest a fixed amount every month for a fixed term and at the
          end of
          the term, will either be paid a lump sum amount in return or a regular
          income
          stream for a fixed period or until death. Individuals join such schemes
          when
          they forecast the necessity of lump sum finance in the future or for the
          purpose
          of the education of children or for pension at the time of retirement.
          Generally, both individuals and employers participate in such plans to
          ensure
          that their employees are provided with a pension arrangement sometimes
          based on
          a corporate policy and sometimes due to statutory requirements.
 
 *Customers*
 
 We
          grow
          our customer base through one or more subsidiaries. The customers are
          individuals with an income above the national average or high net worth
          individuals. Due to the nature of the customers, personalized attention
          is of
          paramount importance and that is why we believe large corporations fall
          short in
          providing the service they require. Subsidiaries of Tally-Ho Ventures,
          Inc.
          strive and endeavor to provide an utmost personalized service to their
          customers. At the same time, none of our customers individually can influence
          the turnover more than 0.1% due to the fact that the subsidiaries’ clients are
          diversified.
 
 The
          principal marketing strategy our subsidiaries adopt is to generate qualified
          sales leads, build our brand and raise awareness about our business network
          as a
          leading provider of customized financial services. Our marketing programs
          include a variety of advertising, events, public relations activities and
          web-based campaigns targeted at individual clients and key executives and
          decision makers within businesses wherever institutions are applicable.
 
 -
              19 -


Our
      principal marketing initiatives include:


Launch
                  events to publicize our service to existing customers and
                  prospectsDirect
                  mail and email campaignsParticipation
                  in, and sponsorship of, user conferences, trade shows and industry
                  eventsCooperative
                  marketing efforts with partners, including banks and financial
                  institutions, joint press announcements, joint trade show activities,
                  channel marketing campaigns and joint
                  seminars.


It
      is our
      subsidiaries who organize our sales and marketing programs and we are not
      directly involved in the administration of their programs once we have approved
      the general structure.





*Subsidiaries*





Master
      Finance Holdings SA





Master
      Finance Holdings SA is a Luxembourg based holding company which owns 100% share
      capital of Master Finance Belgium SA based in Belgium and 87.5% share capital
      of
      Master Finance Europe SA based in Luxembourg. On September 27, 2005, the Company
      entered in to a Share Purchase Agreement for acquisition of 100% of the
      ownership interest in Master Finance Holdings SA. The Master Finance Europe
      group is a private wealth management organization focused on serving the needs
      of mid wealth families and individuals in Luxembourg, Belgium and France. The
      Company only markets products through its proprietary sales force of 20 people
      and its network of 200 insurance brokers. The products which are marketed by
      Master Finance Holdings SA are done so on an exclusive basis in the regions
      in
      which they operate, i.e. there are no other providers of the same products
      in
      these regions. This entity was recently lost to Protrust in a foreclosure action
      in September 2007, as discussed above and incorporated by reference herein.




The
      original model for the company was developed in 1980 selling American mutual
      funds and American and Canadian real estate investments. The business grew
      successfully over this period and was incorporated in its current model by
      the
      purchase of Merchant Capital S.A. After various capital restructures it became
      Master Finance. In 1991, the company diversified its products base into offering
      With Profit Bonds from high profile providers and sales peaked in the year
      2001.
      Sales declined in 2001 and 2002 mainly due to the sale of the German arm of
      the
      business to Clerical Medical International. However, a general downturn in
      the
      stock market, and the consequential low bonus payments within the funds, caused
      sales to slow in 2002. Sales were further impacted with the closure of a
      Clerical and Medical International fund and a foray into leverage fund products.
      These leverage funds were susceptible, in the market downturn, to frequent
      margin calls which had a negative effect on credibility with clients. In order
      to avoid further problems the company renegotiated with the provider who changed
      the bonus structure on the product to a fixed return over a period of time
      and
      further new sales into this product were suspended At this time the company
      negotiated with the Prudential International to offer a With Profits Funds
      on an
      exclusive basis and, with the upturn in the stock market, sales began to recover
      and since 2003 sales have improved.




The
      company operates on an initial commission basis because of the nature of the
      products that are sold. All business processed are lump sum investments and
      no
      regular premiums are dealt with, although the Company is developing programs
      for
      pension and the mortgage product.





The
      company had a geographically diverse shareholding which, management felt, was
      over complicated and required restructuring. This has been achieved by the
      incorporation of Master Finance Belgium SA in Belgium and Master Finance Europe
      SA in Luxembourg. These Companies were formed by re-organizing the then existing
      business of Master Finance SA branches in Belgium, Luxembourg, Germany and
      France.




-
          20 -




Master
      Finance Belgium SA





Master
      Finance Belgium SA is a wholly owned subsidiary of Master Finance Holdings
      SA
      and is located in Brussels. It has a diversified clientele which includes the
      employees of European Union Secretariat and Parliament and several private
      institutions. The business of Master Finance Belgium SA is generated by 20
      financial advisers reporting directly to the sales director. It also generates
      a
      considerable amount of business from independent brokers. This entity was
      recently lost to Protrust in a foreclosure action in September 2007, as
      discussed above and incorporated by reference herein.





Master
      Finance Europe SA





Master
      Finance Europe SA a wholly owned subsidiary of Master Finance Holdings SA and
      is
      located in Luxembourg, the hub of fund management in European Union. The
      business is generated by more than 200 independent individual brokers spread
      across Luxembourg, Belgium, the Netherlands, Germany and France. The individual
      brokers are being administered by broker consultants or inspectors. Due to
      the
      low operating costs and reduced corporate tax rates prevailing in Luxembourg,
      Master Finance Europe SA makes a higher volume based profit compared to Master
      Finance Belgium SA. This entity was recently lost to Protrust in a foreclosure
      action in September 2007, as discussed above and incorporated by reference
      herein.





Master
      Trust SA





On
      November 29 2005, the Company signed heads of agreement to execute share
      purchase agreement for the acquisition of 100% of the ownership interest of
      Protrust Private Clients S.A. (Protrust). Protrust which was originally
      established in 1992, transformed itself into an authorized fiduciary trust
      in
      August 1996 and named as Protrust Switzerland SA; the name changed to Protrust
      Private Clients SA in February 2001, as part of a group re-branding exercise.
      Protrust was set up specifically to manage leveraged with-profits investments
      for high net worth investors, under the terms of a discretionary management
      agreement. Over the last nine years, Protrust has built up a significant
      portfolio of funds under management, which generates a substantial ongoing
      revenue stream. Protrust is a fully authorized fiduciary company, subject to
      the
      regulatory control of Swiss Cantonal Government. As such Protrust is able to
      offer full range of services to its clients including: full discretionary
      management, holding clients assets in ProTrust's name, and trading for clients
      over a wide range of assets including investments and real estate.




Protrust
      has acted as an interface between United Kingdom and offshore life offices
      and
      independent intermediaries in Italy, Switzerland and the Far East and is
      regarded as one of the founders of leveraged With-Profits business. We believe
      that Protrust has managed this type of business well for over a decade. The
      competitive advantage has come through specialization and concentration on
      a
      niche product and by providing services for investors and distributors.





We
      estimated that Protrust was cost effective, as it was able to manage a large
      portfolio without the need for large staff. Under the terms of the letter of
      intent, the operations of Protrust were expected to become our operating
      subsidiary with key members of the Protrust management team entering into
      long-term employment contracts.





On
      August
      4, 2006 the Company entered into final agreement to complete the acquisition
      of
      Protrust Private Clients SA, a Swiss fiduciary company. The Company has changed
      the name of Protrust Private Clients SA to Master Trust SA with effect from
      September 1, 2006. The financial statements included in this report include
      the
      financial results of Master Trust SA. Key members of management who were working
      with Master Trust have entered into employment contracts.





On
      October 22, 2007 Premier entered into a Settlement Agreement (the “Agreement”)
      with Protrust Financial Services Group S.A. (“Protrust”). The Agreement relates
      to the notice of default received from Protrust as it relates to a $3,000,000
      Promissory Note and the $3,000,000 put option. Pursuant to the terms of the
      Agreement, each party agreed that the total debt owed to Protrust by Premier
      was
      $5,079,858 (the "Debt") (being
      $180,000 in legal expenses, $1,900,000 under the Promissory Note and $3,000,000
      under the Put Option). In accordance with the Agreement, Premier will pay
      Protrust a total of $3,000,000 in $1,000,000 increments on November 9, 2007
      (Premier defaulted on this payment), November 30, 2007 and December 31, 2007
      as
      full satisfaction of all liabilities due Protrust. In addition, pursuant to
      the
      terms of the Agreement, Premier has granted Protrust a first lien over all
      the
      issued and outstanding shares of Master Trust S.A., a wholly-owned subsidiary
      of
      Premier. Such pledge will be released upon receipt upon the payment and receipt
      of the November 9, 2007 and November 30, 2007 payments to Protrust.




-
          21 -




Master
      Finance Switzerland SA





On
      September 16 2006, the Company signed heads of agreement to execute share
      purchase agreement for the acquisition of 100% of the ownership interest of
      Primus Produkt- & Vertriebs- Management SA (Primus). Primus was originally
      established in 1996, transformed itself into an authorized fiduciary trust
      in
      May 1998. Primus was set up specifically to manage leveraged with-profits
      investments for high net worth investors, under the terms of a discretionary
      management agreement. Over the last eight years, Primus has built up a
      significant portfolio of funds under management, which generates a substantial
      ongoing revenue stream.




Primus
      has acted as an interface between United Kingdom and offshore life offices
      and
      independent intermediaries in Italy, Germany and the Far East and is regarded
      as
      one of the founders of leveraged “With-Profits Bond” business. Primus has
      engaged in and managed this type of business for over a decade. The competitive
      advantage has come through specialization and concentration on a niche product
      and by providing services for investors and distributors. On January 3, 2007,
      Master Finance Europe SA entered into final agreement to complete the purchase
      of Primus’ customer list.





*Competition*





The
      international financial advisory market displays a number of unique
      characteristics, which can be summarized as follows:


The
                  market is fragmented, and is dominated by individual financial
                  advisers
                  apart from the banks.The
                  market is still largely commission driven, although this is slowly
                  changing.Most
                  of these small financial advisers are focused on cash flow. They
                  lack the
                  financial resources and expertise to develop their businesses beyond
                  break-even point.Following
                  the closure of Towry Law International in 2004, no financial advisers
                  group dominates the market. Most financial adviser groups disintegrate
                  after a few years usually because of their focus on success in
                  the short
                  term.





The
      financial advisory services are highly regulated in European Union and
      Switzerland. The United Kingdom compliance model is being introduced in many
      jurisdictions and international financial advisers are concerned by, and are
      largely unprepared for, the consequences and the costs of regulation.





Few
      international financial advisers have made significant investment into
      information technology support systems and personnel. We believe this will
      hamper their ability to survive healthily in the more regulated markets.





*Government
      Regulations*





The
      European regulatory environment is continuously changing to reflect the strict
      regulatory standards set by each European country. The Company needs to ensure
      that it agents and staffs are aware of all changes and act in compliance with
      such laws. The Company continuously educates its staff about the new standards
      and amendments to the statutes to maintain the knowledge of its staff up to
      date.




-
          22 -


*Business
      Plans for Action and Execution.*





Management
      of the Company constantly prepares and formalizes various business plans for
      the
      development of the Company toward the future. Such plans include, but not
      limited to:


i.
              Develop
                  distribution channel - business model/financial template;ii.
              Develop
                  all business units to critical mass, financial stability and to
                  `franchise
                  model' capability;iii.
              Continually
                  look at opportunities to acquire or link with other international
                  financial advisors;iv.
              Grow
                  manpower and turnover in each distribution channel to critical
                  mass in
                  line with the defined financial templates;v.
              Develop
                  professional alliances with banks, accountants and solicitors in
                  all
                  territories;vi.
              Develop
                  and grow recurring income streams;vii.
              Develop
                  market opportunities: Management sees two key areas of market
                  opportunities within the current market that provide them with
                  the
                  potential to become the dominant brand; distribution Opportunity
                  and
                  client proposition opportunity.viii.
              Develop
                  state of the art IT support systems to tackle the customer requirements.


In
      June,
      2007, Master Trust SA received a license from Swiss Federal Banking Commission
      to operate as a fund distributor. This license would considerably increase
      Master Trust’s capacity to generate new business.





Management
      has plans to acquire new entities operating in the financial services industry.
      However, the Company has not reached in any definitive agreements for the
      acquisition of new subsidiaries.





-
          23 -


*Results
      of Operations*





The
      following schedule provides comparative analysis of the operations of the
      Company for the reported period in comparison with the previous year.





PREMIER
                WEALTH MANAGEMENT, INC.Comparative
                Analysis of OperationsFor
                the Nine Months EndedSeptember
              30,
                2007
            
            September
              30,
                2006Advisory
                commissions received
            
            $
            3,455,771
            
            $
            286,139Commissions
                paid to advisors
            
            
            (1,048,263
            )
            
            (97,115
            )Selling
                general & administrative
            
            
            (3,356,853
            )
            
            (363,749
            )Depreciation
                & amortization
            
            
            (1,192,786
            )
            
            (131,053
            )INCOME
                (LOSS) FROM OPERATIONS
            
            
            (2,142,131
            )
            
            (305,778
            )Other
                Income (Expense):Interest
                income
            
            
            64,553
            
            
            188Interest
                expense
            
            
            (299,571
            )
            
            (1,704,776
            )Liquidated
                damages
            
            
            (81,196
            )
            
            -Gain
                (loss) from derivatives
            
            
            -
            
            
            176,233LOSS
                BEFORE INCOME TAX
            
            
            (2,458,345
            )
            
            (1,834,133
            )Income
                tax expense
            
            
            (821
            )
            
            (25,991
            )LOSS
                FROM CONTINUING OPERATIONS
            
            
            (2,459,166
            )
            
            (1,860,124
            )Gain
                from sale of discontinued operations
            
            
            -
            
            
            1,292,498Income
                from discontinued operations
            
            
            1,224,085
            
            
            472,163NET
                LOSS
            
            $
            (1,235,081
            )
            $
            (95,463
            )BASIC
                & DILUTED NET LOSS PER SHARE
            
            $
            (0.06
            )
            $
            (0.01
            )DISCONTINUED
                OPERATIONS
            
            
            0.06
            
            
            0.05CONTINUING
                OPERATIONS
            
            
            (0.12
            )
            
            (0.18
            )BASIC
                  & DILUTED WEIGHTEDAVERAGE
                  SHARES OUTSTANDING
            
            
            **20,987,917**
            
            
            **10,333,583**





Revenue
      increased by 1,108% from $286,139 from the nine months ended September 30,
      2006
      to $3,169,632 for the nine months ended September 30, 2007. Cost of sales
      increased by 979% from $97,115 in 2006 to $1,048,263 in 2007. Administration
      expenses increased by 823% from $363,749 in 2006 to $3,356,853 in 2007. These
      changes were mainly due to the additional revenue, cost of revenue and overhead
      from the subsidiaries acquired subsequent to the financial reporting for the
      second quarter of last year. The newly acquired subsidiaries were not fully
      functional during the initial months of the current year which resulted in
      an
      increase in overhead. Management is evaluating various plans for the reduction
      of overhead. Income from other sources is basically commission received by
      the
      Company but not from the ordinary course of business of its subsidiaries.
      Depreciation and amortization includes the amortization of intangible assets.




-
          24 -


*Liquidity
      and Capital Requirements*





As
      of
      September 30, 2007, the Company had a cash balance of $720,164 which is 62%
      increase from $447,454, the cash balance at the beginning of the year. As of
      September 30, 2007, the Company has current liabilities amounting to
      $14,431,797. There is a deficiency of $13,567,057 in working capital. However,
      management believes that current cash balances with the Company are adequate
      managing for the working capital requirements of the Company and its
      subsidiaries. The requirement of additional funds will be based on further
      acquisitions of new subsidiaries. Management intends to raise cash for such
      acquisitions by private placement of stock and by borrowing.





**Other
      Recent Developments**





We
      have
      had limited operations and have recently lost a revenue generating division,
      Master Finance, in a Foreclosure Action, and are in default on our obligations
      to repay $3,000,0000 to a Creditor with a Senior Lien on our remaining business.
      As we have no capital commitments, this makes our future operating results
      difficult to predict, and do not have the current ability to continue as a
      going
      concern.




As
      a
      result of non payment of certain debts, we lost our Master Finance division
      and
      related assets in a foreclosure sale to Protrust Financial Services Group,
      S.A.
      In addition *,* ****** On
      October 22, 2007 the Company entered into a Settlement Agreement with Protrust
      Financial Services Group S.A. (“Protrust”) pursuant to which, among other
      things, we agreed to repay Protrust the amount of $3,000,000 under a Promissory
      Note dated August 4, 2006 and due August 4, 2007 (the “Promissory Note”) which
      was issued by the Company as a purchase money note as part of the consideration
      for our acquisition of Master Trust S.A. (formerly a subsidiary of Protrust).
      We
      are currently in technical default of this agreement however, are in the process
      of negotiating terms with Protrust and its principals. We do not have any
      capital commitments to make this payment at this time and, if we lose this
      business, we will not have any material business and will be materially
      adversely affected.




-
          25 -


**PART
      II — OTHER INFORMATION**





**Item
      1. Legal Proceedings**





We
      are
      not a party to any pending legal proceedings or aware of any pending legal
      proceedings against us that, individually or in the aggregate, would have a
      material adverse affect on our business, results of operations or financial
      condition.





**Item
      2. Unregistered Sales of Equity Securities and Use of Proceeds**




On
      July
      12, 2007, the Company sold 999,992 shares
      of common stock and 999,992 warrants to purchase Common Stock exercisable at
      $1.40 per share, expiring three years from the date of sale for an aggregate
      price of $700,000 by executing a Share Purchase Agreement and Registration
      Rights Agreement both dated July 12, 2007. The offers and sales were made to
      21
      accredited investors, as defined in Rule 501 of Regulation D, through WestPark
      Capital, Inc., as placement agent, and the Company believes, based on
      representations from such investors, that the offering was exempt from the
      registration requirements of the Securities Act of 1933, as amended, pursuant
      to
      Rule 506 of Regulation D, and Section 4(2) of the Securities Act. WestPark
      Capital, Inc. received a fee of $63,000 for this financing and 90,000 shares
      and
      warrants identical to the warrants issued to the investors in this offering.





The
      funds
      raised were utilized for the working capital requirements of the
      Company.





**Item
      3. Controls and Procedures.**




As
      of
      September 30, 2007, our Chief Executive Officer and Chief Financial Officer
      (the
“Certifying Officers”) conducted evaluations of our disclosure controls and
      procedures. As defined under the Securities Exchange Act of 1934, as amended,
      the term “disclosure controls and procedures” means controls and other
      procedures of an issuer that are designed to ensure that information required
      to
      be disclosed by the issuer in the reports that it files or submits under the
      Exchange Act is recorded, processed, summarized and reported, within the time
      periods specified in the Commission’s rules and forms. Disclosure controls and
      procedures include, without limitation, controls and procedures designed to
      ensure that information required to be disclosed by an issuer in the reports
      that it files or submits under the Exchange Act is accumulated and communicated
      to the issuer’s management, including the Certifying Officers, to allow timely
      decisions regarding required disclosure. Based on this evaluation, the
      Certifying Officers have concluded that our disclosure controls and procedures
      were not effective.




We
      had
      two significant weaknesses during this reporting period. One was our staff’s
      lack of familiarity and experience with differences in European and U.S.
      generally accepted accounting principles and SEC reporting rules and regulations
      in the areas of reverse mergers, discontinued operations, derivatives and
      purchase method accounting acquisitions. Such lack of familiarity and experience
      had impeded our efforts to prepare its financial statements in a timely manner,
      particularly, as such statements related to our discontinued operations in
      case
      of the Belgravia division, derivatives and purchase method accounting in cases
      of Master Finance and Master Trust acquisitions. Our second significant weakness
      involved our inability to get sufficient accounting records for our auditors
      to
      audit the required historical periods of our significant acquisitions occurring
      over the past 3 years. With the assistance of our current independent registered
      public accounting firm, we are in the process of upgrading our understanding
      of
      the rules and regulations in these areas.




Further,
      there were no changes in our internal control over financial reporting during
      the second fiscal quarter of 2007 that have materially affected, or are
      reasonably likely to materially affect, our internal control over financial
      reporting.





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**Item
      6. Exhibits**





Index
      of
      Exhibits:





3.1
      Articles of Incorporation *


3.2
      Bylaws *


31.1
      CEO
      Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.


32.1
      CEO
      Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.




*
      Incorporated by reference to our Registration Statement on Form SB-2 filed
      on
      November 7, 2003. File No. 333-104631.





**
      Incorporated by reference from Current Report on Form 8KA filed with the SEC
      on
      May 9, 2007




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          27 -


SIGNATURES




In
      accordance with the requirements of the Exchange Act, the registrant caused
      this
      report to be signed on its behalf by the undersigned, thereunto duly authorized.





PREMIER
      WEALTH MANAGEMENT, INC.


Registrant





Date:
      November 19, 2007




Nigel
      Gregg


Chief
      Executive Officer, Chairman of the Board




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