Broker-dealer PrimeVest Financial Services has signed on the $5.2 billion American Airlines Federal Credit Union to provide investment and insurance solutions.
The investment and insurance program will be branded as the Flagship Financial Group, according to the Fort Worth, Texas-based AAFCU. Products offered include 529 college savings plans, MEMBERS Folio investing through FOLIOfn, disability income, long term care and other insurance plans. The investment team will include seven full-service financial consultants based in offices in the Dallas-Fort Worth area, Tulsa, Okla., Miami and Chicago.
"Our partnership with PrimeVest is a perfect fit," said Sherry Reams, managing director of the investment and insurance program at AAFCU. "PrimeVest limits its focus to financial institutions, enabling it to offer superior services that are specifically tailored to our member-owners, including online financial planning and a call center to handle member concerns and questions, areas of critical importance to us."
AAFCU serves more than 223,500 members nationwide. The St. Cloud, Minn.-based PrimeVest has more than 500 financial institutions as clients.