NEW YORK, Sept. 20 /PRNewswire-FirstCall/ -- National
Financial Partners Corp. (NYSE: NFP), a leading provider of
benefits, insurance and wealth management services, today announced
the launch of its new brand identity to support its long-term
corporate positioning and growth strategy.
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Commenting on today's announcement, Jessica M. Bibliowicz, chairman, president and
chief executive officer, said, "As we enter this next chapter of
our history, NFP is focused on leveraging the rich industry
experience of our talented advisors, our leading national
distribution, powerful partnerships, scale, independence and open
architecture to drive growth and better serve our clients.
Our new corporate brand and tagline - Partner. Preserve.
Prosper. - reflect this integrated growth strategy and underscore
our continuing commitment to our clients."
The Company will now operate and be branded as NFP, although its
corporate name will remain National Financial Partners Corp.
The brand signature will display the familiar NFP name in
addition to a new "interlink" brand icon, which represents the
integration and partnership that are hallmarks of NFP's
client-focused business model. The brand signature also
includes a description of NFP's core capabilities: Benefits,
Insurance and Wealth Management.
This new branding reinforces the key attributes of NFP's overall
mission and position in the marketplace, called NFP's Core
Principles:
- We are client-centric;
- Ours is an entrepreneurial focus;
- We hold ourselves to a high standard;
- We deliver innovative strategies; and
- We are market leaders.
Ms. Bibliowicz concluded, "NFP is a leader in benefits,
insurance and wealth management, and we look forward to enhancing
the value of the NFP brand across all our business lines and
markets. Operating under the One NFP framework, we
will continue to provide exceptional service and local expertise to
clients while investing in the long-term growth of our
businesses."
About NFP
National Financial Partners Corp. (NYSE: NFP), and its benefits,
insurance and wealth management businesses provide diversified
advisory and brokerage services to companies and high net worth
individuals, partnering with them to preserve their assets and
prosper over the long-term. NFP advisors provide innovative
and comprehensive solutions, backed by NFP's national scale and
resources. NFP operates in three business segments. The
Corporate Client Group provides corporate and executive benefits,
retirement plans and property and casualty insurance. The
Individual Client Group includes retail and wholesale life
insurance brokerage and wealth management advisory services.
The Advisor Services Group serves independent financial
advisors by offering broker-dealer and asset management products
and services. In 2010 NFP was ranked as the ninth Top Global
Insurance Broker by Best's Review; as the number one
Executive Benefits Provider of Deferred Compensation Plans
Administered by PlanSponsor; operated a top ten Independent
Broker Dealer as ranked by Financial Planning and
Financial Advisor; had four advisors ranked in
Barron's Top 100 Independent Advisors and is a leading
independent life insurance distributor according to many top-tier
carriers. For more information, visit www.nfp.com
Forward-Looking Statements
National Financial Partners Corp. ("NFP") and its subsidiaries
(together with NFP, the "Company") and their representatives may
from time to time make verbal or written statements, including
certain statements in this press release, which are forward-looking
statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements
include, without limitation, any statement that may project,
indicate or imply future results, events, performance or
achievements, and may contain the words "anticipate," "expect,"
"intend," "plan," "believe," "estimate," "may," "project," "will,"
"continue" and similar expressions of a future or forward-looking
nature. Forward-looking statements may include discussions
concerning revenue, expenses, earnings, cash flow, impairments,
losses, dividends, capital structure, credit facilities, market and
industry conditions, premium and commission rates, interest rates,
contingencies, the direction or outcome of regulatory
investigations and litigation, income taxes and NFP's operations or
strategy. These forward-looking statements are based on
management's current views with respect to future results, and are
subject to risks and uncertainties. Factors that could cause actual
results to differ materially from those contemplated by a
forward-looking statement include: (1) NFP's ability,
through its operating structure, to respond quickly to regulatory,
operational or financial situations impacting its businesses; (2)
the ability of the Company's businesses to perform successfully
following acquisition, including through cross-selling initiatives,
and the Company's ability to manage its business effectively and
profitably through its reportable segments and the principals of
its businesses; (3) any losses that NFP may take with respect to
dispositions, restructures or otherwise; (4) an economic
environment that results in fewer sales of financial products or
services; (5) the occurrence of events or circumstances that could
be indicators of impairment to goodwill and intangible assets which
require the Company to test for impairment, and the impact of any
impairments that the Company may take; (6) the impact of the
adoption, modification or change in interpretation of certain
accounting treatments or policies and changes in underlying
assumptions relating to such treatments or policies, which may lead
to adverse financial statement results; (7) NFP's success in
acquiring and retaining high-quality independent financial services
businesses; (8) the financial impact of NFP's incentive plans; (9)
changes that adversely affect NFP's ability to manage its
indebtedness or capital structure, including changes in interest
rates, credit market conditions and general economic factors; (10)
fluctuations in the price of NFP's common stock, whether due to
securities and capital markets behavior, the dilutive impact of
capital-raising effort, or otherwise; (11) the continued
availability of borrowings and letters of credit under NFP's credit
facility; (12) adverse results, market uncertainty in the financial
services industry, or other consequences from litigation,
arbitration, regulatory investigations or compliance initiatives,
including those related to business practices, compensation
agreements with insurance companies, policy rescissions or
chargebacks, regulatory investigations or activities within the
life settlements industry; (13) adverse developments in the markets
in which the Company operates, resulting in fewer sales of
financial products and services, including those related to
compensation agreements with insurance companies and activities
within the life settlements industry; (14) the impact of
legislation or regulations in jurisdictions in which NFP's
subsidiaries operate, including the possible adoption of
comprehensive and exclusive federal regulation over all interstate
insurers and the uncertain impact of legislation
regulating the financial services industry, such as the recent
Dodd-Frank Wall Street Reform and Consumer Protection Act; (15)
uncertainty regarding the impact of newly-adopted healthcare
legislation or resulting changes in business practices of NFP's
subsidiaries that operate in the benefits market; (16) changes in
laws, including the elimination or modification of the federal
estate tax, changes in the tax treatment of life insurance
products, or changes in regulations affecting the value or use of
benefits programs, which may adversely affect the demand for or
profitability of the Company's services; (17) developments in the
availability, pricing, design or underwriting of insurance
products, revisions in mortality tables by life expectancy
underwriters or changes in the Company's relationships with
insurance companies; (18) changes in premiums and commission rates
or the rates of other fees paid to the Company's businesses,
including life settlements and registered investment advisory fees;
(19) the reduction of the Company's revenue and earnings due to the
elimination or modification of compensation arrangements, including
contingent compensation arrangements and the adoption of internal
initiatives to enhance compensation transparency, including the
transparency of fees paid for life settlements transactions; (20)
the occurrence of adverse economic conditions or an adverse
regulatory climate in New York,
Florida or California; (21) the loss of services of key
members of senior management; and (22) the Company's ability to
effect smooth succession planning.
Additional factors are set forth in the Company's filings with
the Securities and Exchange Commission (the "SEC"), including its
Annual Report on Form 10-K for the year ended December 31, 2009, filed with the SEC on
February 12, 2010, its Quarterly
Report on Form 10-Q for the period ended March 31, 2010, filed with the SEC on
May 10, 2010 and its Quarterly Report
on Form 10-Q for the period ended June 30,
2010, filed with the SEC on August 4,
2010. Forward-looking statements speak only as of the date
on which they are made. The Company expressly disclaims any
obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or
otherwise.
SOURCE NFP
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