Securities America, a wealth management firm within Advisor Group’s network, has added USE Credit Union’s investment services program to its financial institutions platform.
USECU has more than $1 billion in assets and serves roughly 62,000 California university employees, students and other California residents. Their investment services platform, which was previously affiliated with LPL Financial, currently oversees approximately $30 million in client assets.
In addition to California university employees and students, the credit union serves employees of California state agencies including the California Department of Motor Vehicles, California Highway Patrol, CalPERS and CalTrans, and others who live, work or worship in Alameda County, Sacramento County, San Diego County, Santa Clara County and Yolo County.
In July, Securities America recruited another credit union program from LPL, Oregon Community Credit Union, which oversees $340 million in client assets.
Securities America is a subsidiary of Advisor Group, which also includes FSC Securities Corporation, KMS Financial Services, Royal Alliance Associates, SagePoint Financial, Securities Service Network, Triad Advisors and Woodbury Financial Services.
Securities America is headquartered in Omaha and supports approximately 2,800 independent financial professionals. Advisor Group serves approximately 11,100 financial professionals that oversee more than $450 billion in client assets.