TALLAHASSEE, Fla. — Southeast Corporate Federal Credit Union has formed Accolade Investment Advisory, LLC, a new CUSO that will provide a range of services including portfolio management, asset liability management, bond accounting and investment reporting services.
Accolade will serve as a fee-based, non-discretionary investment advisory service. The CUSO will be led by Gregory Wirthmann as president/CEO and Peter Gibson as director of Investment Advisory Services. Wirthmann is also senior vice president and chief investment officer of Southeast Corporate. Gibson, who previously serves as portfolio manage at Southeast Corporate, will responsible for the day-to-day management of the client credit union investment portfolios
Gibson said the CUSO will use a "total rate of return methodology" model as opposed to the "maximization of yield to maturity" approach used by others.
Recommended For You
"We don't think increasing yield on a portfolio in the short term is the best way to deliver long term-value to members," Gibson said, adding this strategy could "end up costing the credit union in the long term."
Wirthmann said the idea to launch the CUSO came about two years ago when credit union demand for extensive portfolio management services started to grow.
Accolade made its official debut Oct. 23.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
