Santa Barbara, CA - March 12, 2002

Partnervest and Techfi Announce Joint Arrangement to Bring Advanced Technology and Operations Solutions to Clients

Alliance leverages Techfi’s superior technology with Partnervest’s full-service financial services and operations/compliance solutions capabilities


Partnervest Financial Group, the Santa Barbara based financial services and consulting company, today announced they have chosen Techfi, the provider of financial software and outsourcing solutions for financial professionals, to provide Partnervest clients with Techfi’s Web Office™. Web Office delivers online portfolio and trade management services with integrated compliance and back-office operations support to financial professionals. Techfi in furtherance of this relationship announced that it has named Partnervest as a partner for integrated and customized back-office operations and compliance solutions for financial service firms including investment advisors, broker-dealers and financial planners.


Techfi's Web Office is based on the most advanced SQL server technology that provides a web-based, scalable, reliable and highly integrated suite including portfolio management, client relation management, and trade order generation. Techfi’s Web Office will supply Partnervest clients with access to real-time information wherever and whenever they have Internet access.


"The synergy of our alliance will create exponential benefits to our clients,” said Ken Hyman, president and CEO of Partnervest. “With the addition of Techfi’s Web Office, our clients will now be able to spend their time on revenue producing activities rather than on time consuming data management.”


Partnervest will integrate Techfi's Web Office with their customized solutions for their broker dealer, investment advisor, financial institution, and independent representative clients. It will also serve as a key component of Partnervest’s In-House Outsourced Solution™; the ultimate integrated back-office, compliance and consulting service for investment advisors.


“Techfi prides itself on creating software and outsourcing solutions which provide financial professionals with the easy to use tools and services they need to manage clients and their assets,” said Matt Abar, CEO of Techfi. "This alliance leverages Techfi’s superior Microsoft SQL server database technology with Partnervest’s full-service financial services and consulting capabilities to create the best solution for our clients.”


About Techfi
Headquartered in Denver, Techfi Corporation was founded in 1998 and provides software, technology and services to the financial intermediary market. Clients include broker dealers, investment advisors, financial planners and other financial institutions. Techfi develops leading-edge technology products and services for the financial intermediary market including:

• AdvisorMart.com, the industry's first online account aggregation and portfolio management solution;

• AdvisorMart Institutional the premiere private-labeled data aggregation solution for financial institutions;

• Financial Office, an integrated suite of financial products that includes Portfolio, Trader, and Contact;

• Web Office, an integrated suite of web-enabled solutions for portfolio management, contact management, account rebalancing and trade generation.

For more information visit their Web site at www.techfi.com.

Note: Techfi and AdvisorMart are registered trademarks of Techfi Corp. Other product and company names herein may be trademarks of their respective owners.


About Partnervest
Partnervest Financial Group LLC, headquartered in Santa Barbara, California, is a privately owned full-service financial services and consulting company dedicated to providing comprehensive, customized, and integrated financial products and services for Independent Financial Professionals, Financial Institutions, and Investors. Partnervest and its wholly owned subsidiaries, Partnervest Securities, Inc. (Member NASD/SIPC) and Partnervest Advisory Services LLC, a registered investment advisor provide the full spectrum of financial services and products as well as back-office operations, compliance, technology, and business consulting services to other industry financial service providers. Partnervest specializes in creating solutions that work and tailored to the client's specific needs; including In-House Outsourced Solution™, the ultimate integrated back office, compliance, and consulting service for investment advisors.