INVEST Names Steve H. Dowden President and CEO

• Press Release
• Source: INVEST Financial Corporation
• On 2:31 pm EDT, Monday October 12, 2009

TAMPA, Fla.--(BUSINESS WIRE)--INVEST Financial Corporation^® (INVEST) today announced that it has named Steve Dowden president and chief executive officer. Mr. Dowden succeeds Lynn Niedermeier, who retired in July after serving as the firm’s president and CEO since 2001.

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Mr. Dowden, 48, joins INVEST from CUNA Mutual Group, an investment and insurance company serving the credit union industry. As senior vice president of distribution and president and CEO of CUNA Brokerage Services, Inc., he led a sales force of 550 advisers and was responsible for all sales within CUNA’s Asset Accumulation division. Mr. Dowden also developed and implemented the company’s MEMBERS financial services and wealth management platform during his eight years with the firm. He has more than 25 years of experience in the financial industry.

“Steve has an impressive record of leading and recruiting advisers, and building successful investment programs,” said Jim Livingston, president and CEO of National Planning Holdings, Inc. (NPH). “Along with his energy and enthusiasm, he brings a wealth of industry knowledge and valuable insight to INVEST’s financial institution and independent channels. INVEST is extremely well-positioned for growth, and I am confident that Steve is the right person to build upon that strong foundation and guide the firm’s continued progress.”

Prior to joining CUNA, Mr. Dowden served as president of the investment and insurance program at IBM Mid America Federal Employee Credit Union. He also launched a consulting and trading company that specialized in agricultural industry investors, which he operated for five years.

“INVEST is a leader in the industry because of their long history working with financial institutions and the unparalleled support they provide to advisers in both the bank and independent channels,” said Mr. Dowden. “The firm has a talented management team and a strong corporate culture. I am excited about the opportunity to contribute to this organization and look forward to being part of INVEST’s future success.”

Mr. Dowden earned a bachelor’s degree from Iowa State University and holds FINRA Series 4, 7, 24, 63 and 65 registrations. He will be based in Tampa.

Financial institutions and independent advisers interested in learning more about how to partner with INVEST can contact the firm’s Business Development Team at (800) 245-4732, or visit www.investfinancial.com.

About INVEST Financial Corporation

INVEST Financial Corporation (www.investfinancial.com), a subsidiary of the National Planning Holdings, Inc.^® (NPH^®) independent broker-dealer network, is a full-service broker-dealer based in Tampa, Fla. NPH is an affiliate of Jackson National Life Insurance Company^® (Jackson , www.jackson.com), one of the largest life insurance companies in the United States.

Securities, related services, and insurance products offered through INVEST Financial Corporation, member FINRA, SIPC, a Registered Broker-Dealer and Registered Investment Advisor, and its affiliated insurance agencies, are not FDIC or NCUA insured; are not deposits of, obligations of, or guaranteed by any bank or credit union; and, are subject to investment risk, including the possible loss of principal amount invested.

INVEST Financial Corporation
Andrew Silver, 303-224-7542 or 800-565-9044 (ext. 57542)
andrew.silver@jackson.com