More new clients and an increase in asset values have helped one of Northwest Federal Credit Union's subsidiaries reach the $500 million in assets under management mark.
Northwest Financial Group is a subsidiary of Northwest Financial LLC, a wholly owned subsidiary of the $2 billion Northwest FCU in Herndon, Va. Northwest Financial LLC is the umbrella entity for the CU's CUSOs that provides insurance, tax, title and escrow services.
According to Kevin Fisher, president/CEO of Northwest Financial LLC, the $500 million milestone came about through various initiatives including the introduction of a client service model to ensure prompt and effective account management, the retention of talented, experienced financial advisors, and the firm's dedication to delivering top portfolio management and exceptional client service. More favorable market conditions have also resulted in increased asset values, according to the CUSO.
The wealth advisors and financial consultants at Northwest Financial Group primarily serve the Northern Virginia and D.C metropolitan region, but have clients nationwide, according to the CUSO.