Santa Barbara, CA - August 4, 2005

Gunnar Sundstrom has joined Partnervest Financial Group LLC as Chief Financial Officer. Gunnar is responsible for the day-to-day accounting and financial activities of the firm. He will also provide direct support for the Business Operations and Compliance groups at Partnervest.

Prior to joining Partnervest, Gunnar was Vice President-Controller at Mentor Corporation, where he spearheaded efforts to develop sales & financial analysis systems and implement manufacturing control systems. Gunnar has a BS and MBA in Accounting from Fairleigh Dickenson University and has held prior positions of VP Operations & Controller at Gold Crest, Inc., Chief Financial Officer at The Plastic Surgery Company, a Senior Manager position at Ernst & Young and a Manager position at Deloitte Touche.


About Partnervest Financial Group
Partnervest Financial Group LLC, headquartered in Santa Barbara, California, is a privately owned full-service financial services company. Partnervest provides superior, unbiased wealth management solutions for investors and the advisors that serve them. Partnervest and its wholly owned subsidiaries, Partnervest Securities, Inc. (Member NASD/SIPC), Partnervest Advisory Services LLC, a Registered Investment Advisor, and Partnervest Insurance Services LLC, an Insurance Agency, provide the full spectrum of financial services and products, as well as back-office operations, compliance, and business consulting services. For further information, contact Partnervest at (888) 991-9969 or at www.partnervest.com.