The $8.2 billion Alliant Credit Union retirement and investmentprogram has been added to LPL Financial's Institution Servicesplatform.
|With primary office in Boston, Charlotte, N.C., and San Diego,LPL Financial's institution services provides third-partybrokerage, wealth management and trust services to the investmentprograms of banks and credit unions, according to the company.
|Laura Wallace, vice president of branches and retirement andinvestment services at Alliant, said the credit union was looking for a partner withthe scale and resources to help it grow its business at a nationallevel.
|“We expect to gain valuable new efficiencies through LPLFinancial's technological platform and to benefit from the vastamount of resources available through their dedicated support ofthe institutional channel,” Wallace said.
|Alliant is also looking to tap into the LPL Financial networkof financial institutions in order to gain greater access toindustry-wide best practices and business networking opportunities,Wallace added.
|LPL Financial said it serves more than 685 banks and creditunions with brokerage, trust and wealth management services.
|Originally established as the credit union for United Airlines'employees, Alliant serves more than 270,000 members. Its investmentprogram has nine financial advisers.
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