LIBERTY FINANCIAL COMPANIES, INC.
SUBSIDIARIES OF THE COMPANY
Jurisdiction of
Immediate Incorporation or
Subsidiary Parent Organization
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AlphaTrade, Inc. CMA Massachusetts
Colonial Advisory Services, Inc. LFG Massachusetts
Colonial Management Associates, Inc. ("CMA") LFG Massachusetts
Copley Venture Capital, Inc. LFS Massachusetts
Crabbe Huson Group, Inc. The Company Massachusetts
Financial Centre Insurance Agency, Inc. LIS Massachusetts
IFS Agencies, Inc. IFMG New York
IFS Agencies of Alabama, Inc. IFMG Alabama
IFS Agencies of New Mexico, Inc. IFMG New Mexico
Independence Life & Annuity Company Keyport Rhode Island
Independent Holdings, Inc. ("IHI") The Company Massachusetts
Independent Financial Marketing Group, Inc. ("IFMG") IHI Delaware
Keyport Benefit Life Insurance Company Keyport New York
Keyport Financial Services Corp. LASC dfcx Massachusetts
Keyport Life Insurance Company ("Keyport") SSI Rhode Island
Liberty Advisory Services Corp. Keyport Massachusetts
Liberty Asset Management Company LFS Delaware
Liberty Financial Asset Management, Ltd. NPMI Japan
Liberty Financial Services, Inc. ("LFS") The Company Massachusetts
Liberty Funds Distributor, Inc. CMA Massachusetts
Liberty Funds Group LLC ("LFG") LFS Delaware
Liberty Funds Services, Inc. LFG Massachusetts
Liberty Investment Services, Inc. LFS Massachusetts
Liberty Newport Holdings, Limited ("LNHL") The Company Delaware
Jurisdiction of
Immediate Incorporation or
SUBSIDIARY PARENT ORGANIZATION
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Liberty New World China
Enterprises Investments L.P. ("LNWC") NPEA California
Liberty Securities Corporation LIS Delaware
LREG, Inc. The Company Delaware
LSC Insurance Agency of Arizona, Inc. LIS Arizona
LSC Insurance Agency of Nevada, Inc. LIS Nevada
Newport Fund Management, Inc. NPMI (75.1%) Virginia
LFC (24.9%)
Newport Pacific Management, Inc. ("NPMI") LNHL California
Newport Private Equity Asia, Inc. ("NPEA") NPMI California
New World Liberty China Ventures Fund, Ltd. LNWC (50%) British V.I.
Progress Investment Management Company The Company California
SteinRoe Futures, Inc. Stein Roe Illinois
Stein Roe Management Associates, LLC Stein Roe Delaware
SteinRoe Services, Inc. ("SSI") The Company Massachusetts
Stein Roe & Farnham Incorporated ("Stein Roe") SSI Delaware