Santa Barbara, CA - February 14, 2003

Kenneth R. Hyman, CEO of Partnervest Financial Group, recently attended the Financial Planning Association Broker Dealer Conference and joined their Errors and Omissions Task Force.


Mr. Hyman participated with other CEO's in round table discussions on various topics pertaining to Broker Dealers and the Financial Planning community. The topics ranged from the importance of Financial Planning in the investment process, to the impact of regulatory changes within the investment advisory industry. While in attendance, Mr. Hyman was invited to join the Errors and Omissions Insurance Task Force, which has been assembled to review and make recommendations on E&O availability, delivery and effectiveness within independent broker dealers, based upon recent events related to claims and conflicts of interest among the wire house community.

Kenneth R. Hyman is the Founder, President and CEO of Partnervest Financial LLC, a privately owned financial services, technology and consulting company, headquartered in Santa Barbara, CA.


About Partnervest
Partnervest Financial Group LLC, headquartered in Santa Barbara, California, is a privately owned full-service financial services, technology and consulting company. 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. Partnervest Technology Group provides multi tiered applications and an ASP model for account aggregation, electronic imaging, portfolio reporting, reconciliation, and integration management of financial service databases. For further information contact Partnervest at 805) 966-1266 or at www.partnervest.com.