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Independent

NWPS is a wholly owned subsidiary of Raymond James, but remain an independent business channel. We have no conflicts of interest with investments or other Raymond James solutions.

 

NWPS is a profitable and growing business, recognized as one of the fastest growing national recordkeepers by PlanSponsor Magazine. The key to our success has three elements.

  1. NWPS’ business model is 100% transparent and fee-for-service. Our fees are based on plan headcount and complexity, not plan assets.
  2. We have >98% client retention which makes it much easier to grow the business.
  3. NWPS is not a product company, but instead we are a service company.

NWPS has no brand to promote and nothing to sell to our clients’ participants. The only way we succeed is by providing high quality services to our clients. This is radically different from most of our competitors who are only in this business as a way to gather assets.