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CUSO Financial Expands Fee-Based Account Line

As an alternative to traditional, commissioned-based relationships, CUSO Financial Services LP has launched three fee-based accounts for credit unions.

By Staff Writer | Updated on January 22, 2008

SAN DIEGO — As an alternative to traditional, commissioned-based relationships, CUSO Financial Services LP has launched three fee-based accounts for credit unions.

The CUSO Asset Management suite includes ETF (Exchange Traded Funds), Index Plus (Index Mutual Funds), and UMA (Unified Management Account). Fee-based asset management provides investors with an alternative to the more traditional “commission-based” relationship with their investment advisors, according to CFS. In a typical fee-based, fully managed account relationship, the investor pays an annual fee based on a percentage of assets being managed.

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