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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001181431-08-062679.txt : 20081118
<SEC-HEADER>0001181431-08-062679.hdr.sgml : 20081118
<ACCEPTANCE-DATETIME>20081118182837
ACCESSION NUMBER:		0001181431-08-062679
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081116
FILED AS OF DATE:		20081118
DATE AS OF CHANGE:		20081118

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HOLTZ ELLIOT M
		CENTRAL INDEX KEY:			0001263604

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31781
		FILM NUMBER:		081199347

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		2123014000

	MAIL ADDRESS:	
		STREET 1:		NATIONAL FINANCIAL PARTNERS CORP
		STREET 2:		340 MADISON AVENUE, 19TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10173

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATIONAL FINANCIAL PARTNERS CORP
		CENTRAL INDEX KEY:			0001183186
		STANDARD INDUSTRIAL CLASSIFICATION:	INSURANCE AGENTS BROKERS & SERVICES [6411]
		IRS NUMBER:				134029115

	BUSINESS ADDRESS:	
		STREET 1:		340 MADISON AVENUE
		STREET 2:		19TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10173
		BUSINESS PHONE:		212-301-4000

	MAIL ADDRESS:	
		STREET 1:		340 MADISON AVENUE
		STREET 2:		19TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10173
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd223836.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-11-16</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001183186</issuerCik>
        <issuerName>NATIONAL FINANCIAL PARTNERS CORP</issuerName>
        <issuerTradingSymbol>NFP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001263604</rptOwnerCik>
            <rptOwnerName>HOLTZ ELLIOT M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>NATIONAL FINANCIAL PARTNERS CORP.</rptOwnerStreet1>
            <rptOwnerStreet2>787 SEVENTH AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive VP, Mktg &amp; Firm Op</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
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                <value>Common Stock</value>
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            <transactionDate>
                <value>2008-11-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
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                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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            <securityTitle>
                <value>Common Stock</value>
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                <transactionFormType>4</transactionFormType>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
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                <transactionPricePerShare>
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                <sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
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    </nonDerivativeTable>

    <derivativeTable>
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            <securityTitle>
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            <conversionOrExercisePrice>
                <value>0</value>
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            <transactionDate>
                <value>2008-11-16</value>
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            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>732</value>
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            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1433</value>
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                <directOrIndirectOwnership>
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                    <value>64</value>
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                <directOrIndirectOwnership>
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            <securityTitle>
                <value>Restricted Stock Units</value>
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            <transactionDate>
                <value>2008-11-16</value>
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                <transactionCode>M</transactionCode>
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            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>25</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F8"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F6"/>
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            <expirationDate>
                <footnoteId id="F4"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>25</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>39</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes shares acquired through participation in Issuer's Employee Stock Purchase Plan.</footnote>
        <footnote id="F2">Includes shares owned jointly with Reporting Person's spouse.</footnote>
        <footnote id="F3">Restricted Stock Units (&quot;RSUs&quot;) vest in three equal annual installments commencing November 16, 2006. Once vested, RSUs are immediately payable in shares of Issuer's Common Stock.</footnote>
        <footnote id="F4">N/A</footnote>
        <footnote id="F5">Price of derivative security is the &quot;Fair Market Value&quot; (the &quot;FMV&quot;), i.e., the average of the high and the low price of the Issuer's Common Stock Price on each dividend issuance date, i.e., $55.26, $54.85, $44.51 and $41.30 on January 6, 2006, April 7, 2006, July 7, 2006 and October 6, 2006, respectively.</footnote>
        <footnote id="F6">RSUs vest in three equal annual installments commencing November 16, 2007.  Once vested, RSUs are immediately payable in shares of Issuer's Common Stock.</footnote>
        <footnote id="F7">RSUs vest in two equal annual installments commencing November 16, 2007.  Once vested, RSUs are immediately payable in shares of Issuer's Common Stock.</footnote>
        <footnote id="F8">Price of derivative security is the FMV on each dividend issuance date, i.e., $43.66, $47.30, $47.33 and $56.05 on January 8, 2007, April 9, 2007, July 6, 2007 and October 9, 2007, respectively.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Stephanie Scherr Olson, Attorney-in-Fact for Elliot M. Holtz</signatureName>
        <signatureDate>2008-11-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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