StanCorp Investment Advisers Tops $1 Billion in Assets under Management

StanCorp Investment Advisers, a subsidiary of StanCorp Financial Group, Inc. ("StanCorp”) (NYSE:SFG) announced today that it has completed the acquisition of Redwood Investment Advisers, an investment advisory firm located in Indianapolis, Ind. The acquisition brings StanCorp Investment Advisers’ total assets under management to more than $1 billion.

"We’re very pleased with this, our ninth acquisition,” said Julie Grandstaff, vice president and managing director of StanCorp Investment Advisers. "Breaking the billion dollar mark is a significant accomplishment, but more importantly, we’re just excited to welcome this great new practice and group of people. It’s a great fit for both sides and we see a lot of potential in the market.”

StanCorp Investment Advisors also announced David Webb of Webb Financial Advisers has been hired and his practice acquired, adding additional clients. Webb and other advisors will continue to serve more than 260 clients.

"Our organizations are similar in many ways – both share strong investment and business philosophies as well as a focus on outstanding client service,” said Grandstaff. "These shared values and practices make Redwood a natural and complementary fit with StanCorp Investment Advisers.”

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 1,200 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., through its subsidiaries marketed as The Standard — 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 — is a leading provider of financial products and services. StanCorp’s subsidiaries serve approximately 8.1 million customers nationwide as of December 31, 2009, with group and individual disability insurance, group life, AD&D, vision and dental insurance, retirement plans products and services, individual annuities and investment advice. For more information about StanCorp Financial Group, Inc., visit www.stancorpfinancial.com.

About Redwood Investment Advisers

Redwood Investment Advisers, Ltd. is an independent fee-only investment advisory firm of CPAs and CFPs providing asset management, tax and financial planning for high net worth individuals and pension plans. Redwood specializes in working with individual physicians and physician groups of all sizes. Its clientele also includes numerous executives, business owners and retirees.

About Webb Financial Advisers

Webb Financial Advisers is a fee-only investment advisory firm founded in 1994 by David Webb, an experienced investment advisor with more than 25 years in the industry. Webb Financial Advisers has offices in Indianapolis, Ind. and a satellite office in the suburbs of Chicago, Ill.

Disclosure

Information in this news release includes certain statements related to projected growth and future events. These statements are "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results in future periods may differ materially from those expressed or implied by such forward-looking statements. See StanCorp's 2008 annual report on Form 10-K and most recent Form 10-Q filed with the Securities and Exchange Commission for a description of the types of uncertainties and risks that may affect actual results.