National Retirement Partners (NRP) Completes Second Round of Financing - October 1, 2007

(Capistrano Beach, CA) National Retirement Partners, Inc. (NRP) announced today that it has successfully completed its second round of financing, closing the raise at $ 20 million in common equity.  NRP is one of the nation’s largest networks of independent retirement plan focused advisors with more than 90 member firm locations advising over 3,000 retirement plans.

 

Nearly two thirds of advisors from NRP member firms are now shareholders in the company.“This funding represents a tremendous vote of confidence in the NRP business model,” said Bill Cvengros, chairman of NRP. “We are very pleased with the participation from our members whose continued support is a strong endorsement of our business and our strategy.”

 

National Retirement Partners, Inc. is one of the country’s largest networks of independent advisors providing consulting and investment services to retirement plan sponsors and participants nationwide.  NRP is dedicated to supporting advisors who service the retirement plan marketplace, which currently amounts to over 90 locations advising over 3,000 retirement plans. Sharing diverse talents, expertise and a common focus, NRP Member Firms are able to deliver to clients what had traditionally only been available to larger firms - heightened best practices and investment due diligence, open architecture plan analysis and design, independent vendor search and benchmarking analysis and high quality service and communications.  For more information about NRP, please visit www.n-r-p.com.