StanCorp Investment Advisers Acquires Florida Financial Advisors, Inc.

PORTLAND, Ore.--(BUSINESS WIRE)--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.

Contact: 

The Standard
General Media
Director, Public Affairs
Bob Speltz, 971-321-3162
bob.speltz@standard.com
or
Investor Relations and Financial Media
Assistant Vice President, Investor Relations
Jeff Hallin, 971-321-6127
jeff.hallin@standard.com