Arrowhead expands services, buys four financial planning firms

<p>SAN BERNARDINO, Calif. – Arrowhead Financial Group (AFG) has acquired four area financial planning firms as part of a move it says will make it the Inland Empire’s first one-stop shop for business and personal financial services. “The Arrowhead group of businesses is now the only financial institution in the Inland Empire offering a credit union, insurance services, investment management, financial planning, tax planning and trust services under one roof,” said Jim Estes, president of Arrowhead Financial Group, a subsidiary of Arrowhead Credit Union. Arrowhead CU’s holdings also include Arrowhead Trust Inc. and CU Insurance Services. The acquisitions of the four firms – Garry Nichols and Associates in Upland; Rex Jackson of Inland Empire Investor Advisors in Redlands; Reginald Jackson, a CFP and registered investment advisor in Redlands; and Tony Zapico of Integrity Planners, Inc., in Riverside – resulted in a 50% jump (from $500 million to $750 million) in AFG’s portfolio funds under management. The acquisitions were the latest move by AFG to expand its services. Four months ago, it acquired CalBond Insurance Agency & Surety Services in order to provide businesses with services including workers compensation and medical insurance. “Arrowhead Financial Group clients now have the ability to obtain integrated, one-stop-shop financial services whenever they ask for them, and they don’t have to be credit union members to receive them,” Estes said. He said further acquisitions were expected.</p>