National Financial Partners Announces Stock Grant

NEW YORK, Aug. 5 /PRNewswire-FirstCall/ -- National Financial Partners
Corp. (NYSE: NFP), will award $500,000 in Restricted Stock Units ("RSUs") to
Donna J. Blank, who the company previously announced would become its chief
financial officer as of September 1, 2008. NFP granted the RSUs under the New
York Stock Exchange's employment inducement exemption from the shareholder
approval requirement generally applicable to equity compensation grants. The
exemption requires that the company issue a press release announcing the grant
and its material terms.
The number of RSUs awarded on September 1, 2008 will be determined using a
price equal to the average of the closing sales price per share of NFP's
common stock during the 20-day trading period ending August 29, 2008. The
RSUs will vest over a three year period, with one-third vesting on each
anniversary date, subject to accelerated vesting in the event Ms. Blank is
terminated without cause or resigns for good reason upon a change in control
of the company. The terms of Ms. Blank's restricted stock unit agreement will
award dividend equivalents.
NFP continues its focus on expense management. This appointment is not
anticipated to have an impact on 2008 corporate expense expectations.
About National Financial Partners Corp.
Founded in 1998, NFP is a leading independent distributor of financial
services products to high net worth individuals and companies. NFP is
headquartered in New York and operates a distribution network of over 180
owned firms. For more information, please visit www.nfp.com.
Forward-Looking Statements
This release contains certain statements relating to future results, 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," "will" and
"continue" and similar expressions of a future or forward-looking nature.
Forward-looking statements may include discussions concerning revenue,
expenses, earnings, cash flow, 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 success in acquiring high
quality independent financial services distribution firms, (2) the performance
of NFP's firms following acquisition, (3) competition in the business of
providing financial services to high net worth individuals and companies, (4)
NFP's ability, through its operating structure, to respond quickly and
effectively to regulatory, operational or financial situations, (5) NFP's
ability to effectively manage its business through the principals of its
firms, (6) changes in tax laws, including the elimination or modification of
the federal estate tax and any change in the tax treatment of life insurance
products, (7) developments in the pricing, design or underwriting of insurance
products or in NFP's relationships with insurance companies, (8) changes in
premiums and commission rates and the rates of other fees paid to NFP's firms,
including life settlement and registered investment advisory fees, (9) adverse
developments or volatility in the markets in which NFP operates, resulting in
fewer sales in financial services and products, including the availability of
credit in connection with the purchase of such products and services, (10)
adverse results or other consequences from litigation, arbitration, regulatory
investigations and inquiries, or internal compliance initiatives, including
those related to compensation agreements with insurance companies and
activities within the life settlements industry, (11) uncertainty in the
insurance and life settlements industries arising from investigations into
certain business practices and subpoenas received from various governmental
authorities and related litigation, (12) the reduction of NFP'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, (13) changes in interest rates
or general economic and credit market conditions, (14) securities and capital
markets behavior, including fluctuations in the price of NFP's common stock,
(15) 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, (16) the impact of
the adoption of certain accounting treatments , including FASB Staff Position
APB 14-1, "Accounting for Convertible Debt Instruments That May Be Settled in
Cash upon Conversion (Including Partial Cash Settlement)" and SFAS No. 141
(revised 2007), "Business Combinations," (17) adverse results or other
consequences from higher than anticipated compliance costs, including those
related to expenses arising from internal reviews of business practices and
regulatory investigations or those arising from compliance with state or
federal laws, and (18) other factors described in NFP's filings with the
Securities and Exchange Commission (the "SEC"), including those set forth in
NFP's Annual Report on Form 10-K for the year ended December 31, 2007, filed
with the SEC on February 19, 2008. Forward-looking statements speak only as
of the date on which they are made. NFP expressly disclaims any obligation to
update or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
SOURCE National Financial Partners Corp.

Investor Relations: Marc Gordon, National Financial Partners, +1-212-301-4033,
ir@nfp.com; Media Relations: Elliot M. Holtz, National Financial Partners,
+1-212-301-4060, communications@nfp.com