BNET Industries
Market Cap:$360.1M
Last Fiscal Year Sales:$1.1B
- Public
- US
Dow Jones Description
NFP is a leading independent distributor of financial services products primarily to high net worth individuals and companies. Founded in 1998, NFP has grown internally and through acquisitions and operates a national distribution network with over 175 owned firms. The Company targets the high net worth and growing entrepreneurial and large corporate markets because of their growth potential and the desire of customers within these markets for more personalized service. NFP defines the high net worth market as households with investable assets of at least $1 million, and the Company seeks to target the segment of that market having net worth, excluding primary residence, of at least $5 million. NFP defines the growing entrepreneurial corporate market as businesses with less than 1,000 employees. The Company also targets the larger corporate market for executive benefits. NFP believes its management approach affords its firms the entrepreneurial freedom to serve their clients most effectively while having access to the resources of a national distribution organization. At the same time, NFP maintains internal controls that allow NFP to oversee its nationwide operations. NFPs senior management team is composed of experienced financial services leaders who have direct experience building and operating sizeable distribution-related companies. ...
Chief Executive Officer, NFP Insurance Services, Inc.
James R. GelderNumber of Employees 3,383
Peer Companies
NAICS Code Insurance Agencies and Brokerages: 524210
Recent Events
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National Financial NFP Posts Q3 EPS of $0.58 Ex-Items, Tops Views
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National Financial Partners to Release Third Quarter Earnings on November 3, 2009
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David Moenning's Daily State of the Markets: Not Quite Dead Yet
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National Financial Partners Announces Second Quarter 2009 Results
News & Analysis
Filter by
national financial partners corp. - All News and Analysis
National Financial Partners Corp. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Mark Finkelstein - FPK. Mark Finkelstein - FPK I guess, Doug, you mentioned that the calling of the firms was still kind of ongoing. Can you give any metrics around how many more firms are targeted and I guess what...
National Financial Partners Corp. Q2 2009 Earnings Call Transcript
National Financial Partners Corp. NFP Q2 2009 Earnings Call August 5, 2009 8:00 am ET
National Financial Partners Corp. Q2 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions The first question comes from the line of Eric Berg – Barclays Capital Eric Berg – Barclays Capital My first question relates to what has to happen or what should we be looking for in the economy, a statistic or the...
National Financial Partners Corp. Q1 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Andrew Kligerman – UBS Andrew Kligerman – UBS With sales down, same store sales down more then 20%, if this persists throughout the year you’re going to run into, you’re going to bump into the covenants...
National Financial Partners Corp. Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Andrew Kligerman – UBS Andrew Kligerman – UBS The first question would be around slide 18, could you put some numbers around that in terms of how big the pool would be and to what degree? Is there a scale...
National Financial Partners Corp. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from Edward Spehar - Merrill Lynch. Edward Spehar - Merrill Lynch You look at some of the initiatives you’ve announced: The 20% staff reduction; suspending acquisition activity, despite I would think the opportunity for more deals in a challenging...
Top Nine Stocks Going Ex-Dividend Mid-September
Stockerblog submits: Buying dividends is the technique of buying stocks before the ex dividend date and selling shortly after the ex date at approximately the same price, yet being entitled to the dividend. This generally works only in rising markets. If you are interested in buying dividends, there are...
National Financial Partners Corporation Q2 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions Your first question comes from line of Andrew Kligerman with UBS. Please proceed. Andrew Kligerman – UBS Hey good morning. Jessica Bibliowicz Good morning, Andrew. Andrew Kligerman – UBS Maybe you can give a little more clarity, Doug, around the expenses. You mentioned a...
National Financial Partners Corp. Q1 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions. And our first question will come from the line of Keith Walsh with Citi. Please proceed. Keith Walsh Hey good morning everybody. Jessica Bibliowicz Good morning, Keith. Keith Walsh Mark, just a question on the management fee, and I was offing on...
National Financial Partners Corp. Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator [Operator Instructions] Our first question comes from the line of Andrew Kligerman with UBS. Andrew Kligerman – UBS I have a few questions, Jessica you made the comment that you were exploring share buy back, could you elaborate on what you meant by that term?...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| James R. Gelder | Chief Executive Officer, NFP Insurance Services, Inc. |
| Jeffrey A. Montgomery | CEO, NFP Securities, Inc. |
| Jessica M. Bibliowicz | President & CEO |
| Danial J. Young | President and Chief Operating Officer |
| Robert R. Carter | President, NFP Insurance Services, Inc. |
| Douglas W. Hammond | Chief Operating Officer |
| Mark C. Biderman | CFO & Executive Vice President |
| Mia Dammen Mihopoulos | Senior Vice President, Strategic Development & CTO |
| Milton P. Henry | Senior Vice President & Chief Auditor |
| Robert Zuccaro | Chief Accounting Officer & Senior Vice President |
| Elliot M. Holtz | Executive Vice President, Marketing |
| Michael N. Goldman | Executive Vice President |
| Elizabeth A. Werner | Senior Vice President, Investor Relations & Strategic Marketing |
| Emily Arean | Senior Vice President & Director, HR |
| Stancil E. Barton | Deputy General Counsel |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| John A. Elliott | Chairperson |
| Arthur S. Ainsberg | Board of Directors |
| Kenneth C. Mlekush | Board of Directors |
| R. Bruce Callahan | Board of Directors |
| Shari Loessberg | Board of Directors |
| Stephanie W. Abramson | Board of Directors |
Mr. Gelder joined NFP in July 2007 as Chief Executive Officer of NFPISI and Executive Vice President, NFP. From 2002 until prior to joining NFP, Mr. Gelder served as head of the life insurance business distribution organization for ING U.S. Financial Services, where he was responsible for all individual retail life insurance distribution. Mr. Gelder joined ING as co-Chief Executive Officer of Life Operations through its acquisition of ReliaStar in 2000. From 1995 through 2000, he held a variety of positions with increasing responsibility at ReliaStar, including Head of Life Marketing and Life Operations and President and Chief Executive Officer of Security-Connecticut Life, a ReliaStar subsidiary. Prior to that, Mr. Gelder was with ReliaStar's predecessor, Northwestern National Life. In 1983, he founded Northwest Marketing Resources, Inc. and ran its brokerage and high net worth retail life practice. Mr. Gelder began his career with Northwestern Life Insurance Company in 1973. Mr. Gelder attended Southern California College and graduated from Dartmouth College's Tuck Executive Program. Mr. Gelder received his CLU from the American College.
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Chief Executive Officer, NFP Insurance Services, Inc. | Current |
| ING Financial Services LLC | co-CEO of Life Operations | Former |
| Organization | Position | Status |
|---|---|---|
| Captrust Capcommunity Foundation Inc. | Chief Executive Officer | Current |
| National Financial Partners Corp. | CEO, NFP Securities, Inc. | Current |
| Captrust Capcommunity Foundation Inc. | Board of Directors | Current |
| Kershner Trading Group, LLC | Advisory Board Director | Current |
| University of Oregon | J.D. | Former |
| University of Oregon | Law Degree | Former |
| University of St. Thomas | Undergraduate Degree In Finance | Former |
| University of Oregon | Degree | Former |
Ms. Bibliowicz has served as NFP's President and Chief Executive Officer since April 1999 and as a director since June 1999 and as Chairman of the Board of Directors since June 2003. From June 1997 to April 1999, Ms. Bibliowicz served as President of John A. Levin & Co., a registered investment advisor. From January 1994 to June 1997, Ms. Bibliowicz served as Executive Vice President and Head of Smith Barney Mutual Funds. Since May 2006, Ms. Bibliowicz has served as a director of The Asia Pacific Fund, Inc. Ms. Bibliowicz is also a member of the Board of Overseers of the Weill Medical College and Graduate School of Medical Sciences of Cornell University and serves on the Board of Directors of Riverdale Country School and John Jay College Foundation. Ms. Bibliowicz received an A.B. from Cornell University.
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | President & CEO | Current |
| National Financial Partners Corp. | Board of Directors | Current |
| National Financial Partners Corp. | Chairman, President & CEO | Former |
| Cornell University | A.B. in Business | Former |
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | President and Chief Operating Officer | Current |
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | President, NFP Insurance Services, Inc. | Current |
| Howard Payne University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Chief Operating Officer | Current |
| National Financial Partners Corp. | General Counsel & Executive Vice President | Former |
| Fairfield University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Executive Vice President & Vice Chairman | Current |
| Atlas America, Inc. | Director | Current |
| National Financial | Executive Vice President | Former |
| Harvard Business School | M.B.A. | Former |
| Harvard Business School | M.B.A. | Former |
| Princeton University | B.S.E. | Former |
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Senior Vice President, Strategic Development & CTO | Current |
| Accenture Ltd. | Former | |
| Brown University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Senior Vice President & Chief Auditor | Current |
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Chief Accounting Officer & Senior Vice President | Current |
| GAMCO Investors, Inc. | Chief Financial Officer | Former |
| GAMCO Investors, Inc. | Vice President | Former |
| Cybex International, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Executive Vice President, Marketing | Current |
Mr. Goldman joined NFP in March 2001 and has served as NFP's Executive Vice President, Mergers and Acquisitions since April 2008. Mr. Goldman served as Senior Vice President, Head of Mergers and Acquisitions from January 2005 to April 2008 and served as NFP's Senior Vice President and Associate General Counsel from June 2004 to January 2005. Prior to joining NFP, Mr. Goldman was associated with RSL COM U.S.A., Inc. from June 2000 to March 2001. From 1997 to 2000, Mr. Goldman was an associate in the Mergers & Acquisitions department of the law firm of Skadden, Arps, Slate, Meagher & Flom LLP. Mr. Goldman received his B.A. from Yale University and J.D. from Columbia University School of Law.
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Executive Vice President | Current |
| National Financial Partners Corp. | Senior Vice President & Head of Mergers and Acquisitions | Former |
| Columbia University | J.D. | Former |
| Yale University | B.A | Former |
Ms. Weber, Senior Vice President and Head of Firm Operations, joined NFP in July 2008. From 2003 until joining NFP, she served as Senior Vice President – Advanced Markets for Crump, Inc. (formerly BISYS Group, Inc.) increasing sales revenue through the development and implementation of advanced markets concepts. Previously, as Mid-Atlantic Partner-in-Charge for KPMG LLP, she was responsible for a $6 million multi-state compensation and benefits practice and prepared the strategic business plan for the national compensation and benefits practice. She has also held positions which included Of Counsel in the ERISA practice of Greenberg Traurig, LLC and positions with both the US Department of Labor and the Internal Revenue Service. Ms. Weber received her B.A. in Liberal Arts from St. John’s College in Annapolis, Maryland and her J.D. from George Mason University in Virginia. Ms. Weber is a member of the Virginia State Bar and AALU where she is a member of the Business Insurance and Estate Planning Committee.
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Senior Vice President, Investor Relations & Strategic Marketing | Current |
Ms. Arean joined NFP in June 2005 as Senior Vice President and Director of Human Resources. Ms. Arean was previously employed by BrokerTec USA, LLC, where she served as Chief of Staff and a Managing Director from June 2003 to May 2005 and Director of Human Resources from February 2002 until May 2003. From December 2000 to February 2002, Ms. Arean was Senior Vice President of Human Resources for StarMedia Network, Inc. Ms. Arean served in a variety of capacities, each of increasing responsibility, at Popular, Inc. from January 1993 to November 2000, most recently as Senior Vice President and Director of Human Resources. She received her B.B.A. in Accounting from the Pontifical Catholic University of Puerto Rico, her J.D. from the Interamerican University of Puerto Rico, and her M.B.A. from the University of Chicago.
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Senior Vice President & Director, HR | Current |
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Deputy General Counsel | Current |
| National Financial Partners Corp. | Senior Vice President, Chief Compliance & Ethics Officer | Former |
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Chairperson | Current |
| National Financial Partners Corp. | Board of Directors | Current |
| Liquidnet, Inc. | Board of Directors | Current |
| Baruch College | Vice President | Former |
| Johnson Graduate School of Management at Cornell University | Associate Dean | Former |
| Cornell University | Ph.D. in Accounting | Former |
| University of Maryland | M.B.A. | Former |
| University of Maryland | B.S. In Economics | Former |
Mr. Ainsberg has served as a director since July 2003. Mr. Ainsberg has served as a director, Chairman of the Audit Committee and member of the Compliance Committee of Nomura Securities, International, Inc. since 1996. Mr. Ainsberg served as Chairman of the New York State Board for Public Accountancy from 1999 to 2000 and was a member of the Board from 1993 to 2001. From 1998 to 2000, he was a member of the Board of District 10 of the National Association of Securities Dealers. Mr. Ainsberg was Chief Operating Officer at two investment partnerships, Brahman Capital Corp. from 1996 to 2000 and Bessent Capital Corp. during 2001. In December 2003, Mr. Ainsberg was appointed, under the Global Research Analyst Settlement, the Independent Consultant for Morgan Stanley & Co. and is responsible for selecting and monitoring the providers of independent research for the clients of Morgan Stanley. Mr. Ainsberg is a certified public accountant and received a B.B.A. in Accounting and an M.B.A. in Finance from Baruch College.
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Board of Directors | Current |
| Morgan Stanley | Independent Consultant | Former |
| FINRA | member | Former |
| Nomura Securities Co, Ltd. | member | Former |
| Baruch College | M.B.A. in Finance | Former |
Mr. Mlekush has served as a director since June 2005. Mr. Mlekush served as Vice Chairman of Jefferson-Pilot Life Insurance Company from October 2002 to April 2004 and held various executive officer positions at Jefferson-Pilot Life Insurance Company from January 1993 to April 2004, including President from April 1998 to October 2002. Mr. Mlekush served as a trustee of the American College from 2000 to December 2005. Mr. Mlekush has served as a director of Pan American Life Insurance Company since June 2005. Mr. Mlekush received his B.A. in History and Political Science from the University of Montana.
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Board of Directors | Current |
| University of Montana | B.A. in History and Political Science | Former |
Mr. Callahan has served as a director since May 2007. Mr. Callahan has also served as Chairman Emeritus of NFPISI since January 2006 and currently serves in various supervisory capacities and has an active role in carrier and producer relations and career development at NFPISI. Mr. Callahan served as Chairman and Chief Executive Officer of NFPISI from January 1999 to December 2005. Mr. Callahan also served as an NFP director from October 2000 to August 2003. Prior to that, he shared a directorship with Mr. Carter, through which they shared one vote, from June 1999 to October 2000. From April 1987 to January 1999, Mr. Callahan was a founder and managing partner of Partner Holdings, Inc. before it was acquired by NFP in January 1999. Mr. Callahan has a B.A. from Dartmouth College and an M.B.A. from Harvard Business School.
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Board of Directors | Current |
| Harvard Business School | M.B.A. | Former |
| Dartmouth College | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| MIT Sloan School of Management | Senior Lecturer | Current |
| Boston Fed | Senior Lecturer at Mit's Sloan School of Management | Current |
| National Financial Partners Corp. | Board of Directors | Current |
| Boston Symphony Orchestra Inc. | Board of Directors | Current |
| Brunswick Corporation | Partner | Former |
| Brunswick Corporation | General Counsel | Former |
| Texas Law Review | Editor | Former |
| Brunswick Corporation | Director | Former |
| The University of Texas | J.D. | Former |
| Georgetown University | A.B. in English Literature | Former |
| The University of Texas | A.B. | Former |
Ms. Abramson has served as a director since August 2003. From July 2005 to July 2008, Ms. Abramson served as Executive Vice President and General Counsel of DoubleClick Inc., an online advertising technology products and services company which was acquired by Google Inc. in March 2008. Ms. Abramson was a lawyer and consultant in private practice from January 2003 to June 2005. From February 2001 to January 2003, Ms. Abramson served as Chief Legal Officer and Chief Corporate Development Officer of Heidrick & Struggles International, Inc. From June 1995 to November 2000, Ms. Abramson served as Executive Vice President, General Counsel and Secretary of Young & Rubicam Inc. Prior to joining Young & Rubicam Inc., Ms. Abramson was a Partner with Morgan, Lewis & Bockius. Ms. Abramson has been a member of various committees of the New York City Bar Association. Ms. Abramson received a B.A. in Government from Radcliffe College of Harvard University and a J.D. from New York University School of Law.
| Organization | Position | Status |
|---|---|---|
| National Financial Partners Corp. | Board of Directors | Current |
| Young & Rubicam Inc. | Executive Vice President | Former |
| Young & Rubicam Inc. | Secretary | Former |
| New York University | J.D. | Former |
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