LPL Financial Adds $350 Million Credit Union Team
LPL Financial LLC (Nasdaq: LPLA), the nation’s largest independent broker-dealer, announced that the wealth management division at GreenState Credit Union has joined the company’s institution services platform.
LPL Financial LLC (Nasdaq: LPLA), the nation’s largest independent broker-dealer, announced that the wealth management division at GreenState Credit Union has joined the company’s institution services platform. They will also be aligned with Financial Resources Group Investment Services.
GreenState Wealth Management’s six advisors serve approximately $350 million in brokerage, advisory and retirement plan assets. Five of the financial advisors were previously affiliated with Cambridge Investment Research, and the sixth joins from Royal Alliance, part of the Advisor Group network of broker-dealers.
Established in 1938, GreenState Credit Union is Iowa’s largest financial cooperative serving more than 230,000 members with approximately $7 billion in assets. Membership is open to anyone living or working in Iowa.
LPL Financial provides service to approximately $762 billion in brokerage and advisory assets as of June 30, 2020. The company provides proprietary technology, clearing services, practice management programs and training, and independent research to 16,973 financial advisors.
