NFP and Accord Human Resources Announce a Preferred Partner Relationship to Expand Options to Small and Medium-Sized Businesses

News provided by

Oct 13, 2010, 04:36 ET

NEW YORK, Oct. 13 /PRNewswire-FirstCall/ -- National Financial Partners Corp. (NYSE: NFP), a leading provider of benefits, insurance and wealth management services, and Accord Human Resources announced today that NFP Insurance Services, Inc., NFP's licensed insurance agency and insurance marketing organization, has entered into a preferred partner relationship with Accord Human Resources. This agreement will offer NFP's corporate benefits professionals a comprehensive, outsourced human resource management solution for their clients.

Accord Human Resources, is among the 10 largest privately held professional employer organizations (PEOs) in the country and serves clients and their employees in all 50 states. Accord delivers end-to-end human resource solutions such as employee benefits, payroll management and workers' compensation to small and medium-sized companies in various industries.

Commenting on today's announcement, Ed O'Malley, president of NFP's Corporate Client Group, said, "We are excited about our relationship with Accord, and we believe adding such a capable and experienced partner will benefit our clients. Small and medium-sized businesses are confronted with many challenges in today's changing environment and we believe this PEO offering, along with our other innovative product and service offerings, provide value-added solutions for their human resource needs."

Dale Hageman, president and chief executive officer of Accord, remarked, "NFP is a recognized leader in delivering benefits solutions to businesses nationwide. We are pleased to partner with NFP and believe our proven service offerings and human resource expertise will complement the NFP solutions already offered to their small and medium-sized business clients."

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.

About Accord Human Resources

Accord Human Resources is a leading provider of outsourced human resource management solutions, also known as a Professional Employer Organization or PEO. Known for its high-level of customer service, Accord serves more than 700 clients across the country, and is among the top ten privately-held PEOs in the United States. Since the Company's inception in 1992, Accord has been listed four times in Inc. 500 as one of America's fastest growing companies. For more information, visit www.accordhr.com.

SOURCE NFP