Accolade Investment Advisory LLC, a wholly owned CUSO ofSoutheast Corporate Federal Credit Union, said it finished 2011with nearly $1.2 billion in assets under management.
|The latest figure is an increase from the $900 million in assetsunder management at the end of 2010, according to the CUSO based inTallahassee, Fla.
|Last year, Accolade transacted nearly $800 million in trades, which was anincrease of almost 30% from 2010, the CUSO said. Accolade PresidentPeter Gibson said the firm was able to save its credit unionclients an estimated $1 million in 2011 by accessing the firms thatown and originate securities as opposed to using regional brokerdealers.
|Accolade provides portfolio management, investment portfoliostrategy and trade execution, asset-liability management services,investment accounting, security safekeeping, regulatory and boardreporting, and policy development.
|Southeast Corporate announced plans last year to merge withCorporate One based in Columbus, Ohio.
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