NEW YORK, May 9, 2013 /PRNewswire/ -- National
Financial Partners Corp. (NYSE: NFP), a leading provider of
benefits, insurance and wealth management services, today announced
that Joe Carpenter will assume the
role of president of NFP Executive Benefits.
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NFP Executive Benefits is one of the country's top executive
benefits practices, with 12 offices nationwide that specialize in
the development and administration of nonqualifed plans, bank-owned
life insurance programs and executive life and disability
products.
Mr. Carpenter, who will report directly to Ed O'Malley,
president of the NFP Corporate Client Group, has been with NFP
since 2000 and has served as a managing director at NFP Executive
Benefits' Nashville, TN, office.
He has also been a member of PartnersFinancial since 1993, and
served on its advisory board. With more than 35 years of experience
in the insurance and financial services industry, Mr. Carpenter is
well-recognized for his expertise and understanding of executive
compensation and benefits issues, as well as his ability to
creatively design, implement and administer nonqualified benefits
plans.
Commenting on today's announcement, Mr. O'Malley said, "Joe's
experience and relationships within the NFP organization and the
industry make him the ideal person to lead our executive benefits
business nationally. We are thrilled that he has accepted the
opportunity, and are confident that his leadership and his talented
team will further advance the success of NFP Executive
Benefits."
About NFP Executive Benefits
NFP Executive Benefits, a
part of NFP Corporate Client Group, provides nonqualified plan
consulting and administration, institutional funding solutions for
corporations and banks, and executive life and disability for
executives and boards of directors. The group provides its
industry-leading services to over 1,100 corporations and banks in
the United States as well as more
than 25 other countries. To learn more, visit www.nfpeb.com.
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.
Most recently NFP was ranked eighth on Business Insurance's 100
Largest Brokers of U.S. Business; second on Business Insurance's
Largest Agents and Brokers Headquartered in the U.S. Northeast; and
as the ninth Top Global Insurance Broker by Best's Review. It
operates the third largest executive benefits provider of
nonqualified deferred compensation plans by total clients as ranked
by PlanSponsor; operates a top 10 independent broker/dealer as
ranked by Investment Advisor; and has three advisors ranked in
Barron's Top 100 Independent Financial Advisors. NFP is also a
leading independent life insurance distributor, according to many
top-tier carriers. For more information, visit www.nfp.com.
SOURCE National Financial Partners Corp.