FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

HOLTZ ELLIOT M 		2. Issuer Name and Ticker or Trading Symbol

NATIONAL FINANCIAL PARTNERS CORP [ NFP ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Executive VP, Mktg & Firm Op
(Last)          (First)          (Middle)

NATIONAL FINANCIAL PARTNERS CORP., 787 SEVENTH AVENUE 		3. Date of Earliest Transaction (MM/DD/YYYY)

11/16/2007
(Street)

NEW YORK, NY 10019
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   11/16/2007     M    21   A $0   188.1740   (1) D    
Common Stock   11/16/2007     M    1448   A $0   1636.1740   (1) D    
Common Stock   11/16/2007     M    17   A $0   1653.1740   (1) D    
Common Stock   11/16/2007     M    15   A $0   1668.1740   (1) D    
Common Stock   11/16/2007     M    1216   A $0   2884.1740   (1) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units   $0   11/16/2007     J  (2)    116         (3)   (4) Common Stock   116     (5) 116   D    
Restricted Stock Units   $0   11/16/2007     F        18      (3)   (4) Common Stock   18     (5) 98   D    
Restricted Stock Units   $0   11/16/2007     M        21      (3)   (4) Common Stock   21     (5) 77   D    
Restricted Stock Units   $0   11/16/2007     F        1129      (3)   (4) Common Stock   1129   $0   6602   D    
Restricted Stock Units   $0   11/16/2007     M        1448      (3)   (4) Common Stock   1448   $0   5154   D    
Restricted Stock Units   $0   11/16/2007     J  (2)    65         (6)   (4) Common Stock   65     (5) 65   D    
Restricted Stock Units   $0   11/16/2007     F        15      (6)   (4) Common Stock   15     (5) 50   D    
Restricted Stock Units   $0   11/16/2007     M        17      (6)   (4) Common Stock   17     (5) 33   D    
Restricted Stock Units   $0   11/16/2007     F        12      (7)   (4) Common Stock   12     (8) 42   D    
Restricted Stock Units   $0   11/16/2007     M        15      (7)   (4) Common Stock   15     (8) 27   D    
Restricted Stock Units   $0   11/16/2007     F        948      (7)   (4) Common Stock   948   $0   3381   D    
Restricted Stock Units   $0   11/16/2007     M        1216      (7)   (4) Common Stock   1216   $0   2165   D    

Explanation of Responses:
( 1)  Includes shares acquired through participation in Issuer's Employee Stock Purchase Plan.
( 2)  On each of November 16, 2005 and November 16, 2006, Reporting Person was granted Restricted Stock Units ("RSUs") which earn dividend equivalents ("DEs") each time Issuer pays dividends on its Common Stock, which DEs are payable in either cash or additional RSUs, at the discretion of the Issuer's Compensation Committee. On November 16, 2007, the Issuer's Compensation Committee determined to pay all accrued DEs on such RSUs in the form of additional RSUs.
( 3)  RSUs vest in three equal annual installments commencing November 16, 2007. Once vested, RSUs are immediately payable in shares of Issuer's Common Stock.
( 4)  N/A
( 5)  Price of derivative security is the "Fair Market Value" (the "FMV"), i.e., the average of the high and the low price of the Issuer's Common Stock on each dividend issuance date, i.e., $43.66, $47.30, $47.33 and $56.05 on January 8, 2007, April 9, 2007, July 6, 2007 and October 9, 2007, respectively.
( 6)  RSUs vest in two equal annual installments commencing November 16, 2007. Once vested, RSUs are immediately payable in shares of Issuer's Common Stock.
( 7)  RSUs vest in three equal annual installments commencing November 16, 2006. Once vested, RSUs are immediately payable in shares of Issuer's Common Stock.
( 8)  Price of derivative security is the FMV of the Issuer's Common Stock on each dividend issuance date, i.e., $55.26, $54.85, $44.51 and $41.30 on January 6, 2006, April 7, 2006, July 7, 2006 and October 6, 2006, respectively.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
HOLTZ ELLIOT M
NATIONAL FINANCIAL PARTNERS CORP.
787 SEVENTH AVENUE
NEW YORK, NY 10019

Executive VP, Mktg & Firm Op

Signatures
Stephanie Scherr Olson, Attorney-in-Fact for Elliot M. Holtz 11/19/2007
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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