Washington state credit union adds investment adviser through CUSO Financial Services.
Nearly half of all financial advisers are paid on the basis of production over the past six to 12 months, a change from years past.
Now that Bank Transfer Day has come and gone, some credit unions have been working hard to expand those new relationships centered on one facet that longtime members often tout: loyalty.
Participation in the pilot program, which began this week, is voluntary and open to cases involving claims of $50,000 or less, FINRA said.
The $930 million New England Federal Credit Union is the latest to sign on with broker-dealer CUSO Financial Services LP.
Other priorities next year will include hiring more examiners to police advisers, JOBS Act rulemaking on Reg D, crowdfunding.
A total of 1,504 advisers to hedge funds and private funds have registered with the SEC since Dodd-Frank mandated such registration.
Report highlights conflicts of interest scenarios and strengths and weaknesses identified in examinations into how broker-dealers keep material, non-public information from being misused.
After briefly moving to another broker-dealer, Pentagon Federal Credit Union has returned to CUSO Financial Services LP.
PrimeVest Financial Services plans name change to Cetera Financial Institutions.