CNBS Investment Advisory Service now managing over $2 billion in assets

OVERLAND PARK, Kan. – Corporate Network Brokerage Services reported that its Investment Advisory (IA) Service surpassed $2 billion under management in April. CNBS said the service has grown 140% since it began soliciting clients following its spin-off from U.S. Central Credit Union in 1998. CNBS began offering its Investment Advisory service in October, 1991. According to Mike Dixson, Senior Vice President of the Client Strategies Group for CNBS, CNBS' Investment Advisory clients are all natural person credit unions. He said some of CNBS' competitors in this realm also serve corporate credit unions and other financial institutions, which is one of the reasons that CNBS' dollars under management are not as high as some of its competitors, he said.