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Retirement Industry People Moves


Raymond James Financial Acquires NWPS
Raymond James Financial Inc. has reached an agreement to acquire NWPS Holdings Inc., which does business as NWPS and Northwest Plan Services.
NWPS and Northwest Plan Services provide retirement plan administration, consulting, actuarial and administration services, and are based in Seattle, Washington. The transaction is expected to close before December 31.
The addition of NWPS is meant to allow Raymond James to expand its retirement services offerings, including retirement plan administration services, to advisers and clients. The firm’s leadership says the timing of the acquisition is “opportune,” as the industry prepares for new solutions created by the Setting Every Community Up for Retirement Enhancement (SECURE) Act, such as pooled employer plans (PEPs). ....

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