LPL Financial, a wholly owned subsidiary of LPL Financial Holdings, has welcomed Redstone Federal Credit Union (RFCU), to its Institution Services platform.
LPL Financial’s Institution Services unit provides comprehensive third-party brokerage, wealth management and trust services to the investment programs of banks and credit unions throughout the United States.
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Joseph H. Newberry, president and CEO of RFCU, said, "We are excited to be teaming with LPL Financial, the nation’s leading independent broker-dealers, in providing financial services to credit union members. This relationship will allow us to expand and enhance our current investment program, Redstone Brokerage Services, by offering more features, functionality and improved customer service. Choices and service are what we at Redstone strive to deliver, and LPL Financial is the right partner for Redstone Brokerage Services."
Craig Kamis, senior vice president of Business Development & Advisor Recruiting at LPL Financial Institution Services, said: "As one of the most well respected credit unions in the country, Redstone has a long and successful history of providing outstanding service to its members. We are pleased to help them grow their business and create new opportunities. The choice by Redstone to align with LPL Financial is evidence of the success we have had in attracting banks and credit unions to our integrated platform, which assists financial institutions in the areas of technology, resources, turnkey wealth management and trust capabilities."
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