StanCorp Investment Advisers, Inc., a subsidiary of StanCorp Financial
Group, Inc. ("StanCorp”) announced today that it has completed the
acquisition of Florida Financial Advisors, Inc., an advisory firm
located in Tampa, Fla.
"We’re very pleased to welcome this strong, client-focused practice to
our growing number of offices around the country,” said Julie
Grandstaff, vice president and managing director of StanCorp Investment
Advisers.
Cheryl Bott, Florida Financial’s certified financial planner (CFP®),
joined StanCorp in May and will continue to serve 100 clients locally.
Cheryl joins 12 other investment advisors around the United States who
continue to work directly with clients through offices in Indianapolis,
Ind.; Lynnwood, Wash.; Ann Arbor, Mich.; Albuquerque, N.M.; Encinitas,
San Jose and San Francisco, Calif.; and Portland, Ore.
"Florida Financial’s emphasis on financial planning and investment
management mirrors our own focused approach,” adds Grandstaff. "The
acquisition is a great fit for both sides and will strengthen our
ability to serve both new and existing clients in the region.”
StanCorp Investment Advisers has a client retention rate of better than
90 percent during business transitions since 2005, which is more than 5
percent above the industry average for acquisitions according to FP
Transitions, a leading provider of equity management, valuation, and
succession planning services for the financial services industry.
About StanCorp Investment Advisers, Inc.
StanCorp Investment Advisers, Inc., a subsidiary of StanCorp Financial
Group, Inc., is a fee-only investment advisory firm providing personal
financial planning and investment management services to help
individuals achieve financial security and independence. Currently
serving more than 1,300 clients from nine U.S. offices, StanCorp
Investment Advisers has more than $1 billion in assets under management.
For more information about StanCorp Investment Advisers, visit www.stancorpadvisers.com.
About StanCorp Financial Group, Inc.
StanCorp Financial Group, Inc. (NYSE: SFG), through its subsidiaries
marketed as The Standard, is a leading provider of employee benefits and
financial products and services. Insurance products are offered by
Standard Insurance Company of Portland, Ore., in all states except New
York, where insurance products are offered by The Standard Life
Insurance Company of New York of White Plains, N.Y. The company serves
approximately 8.0 million customers nationwide as of June 30, 2010, with
group and individual disability insurance, group life, AD&D, dental and
vision insurance, retirement plans products and services, individual
annuities and investment advice. For more information about StanCorp
Financial, visit www.stancorpfinancial.com.
The Standard is the marketing name for StanCorp Financial Group, Inc.
and its subsidiaries: Standard Insurance Company, The Standard Life
Insurance Company of New York, Standard Retirement Services, StanCorp
Mortgage Investors, StanCorp Investment Advisers, StanCorp Real Estate
and StanCorp Equities.
