Cetera Financial Institutions To Provide Broker-Dealer Services to Utilities Employees Credit Union
Utilities Employees Credit Union Joins Cetera Financial Institutions to Expand and Strengthen its Retail Investment Management Program
Los Angeles, CA and St. Cloud, MN – Cetera Financial Group (Cetera), a leading network of independent broker-dealers, today announced that Cetera Financial Institutions, a Cetera firm focused exclusively on banks and credit unions, will provide broker-dealer services and solutions to Utilities Employees Credit Union’s (UECU) investment management program. Located within UECU’s headquarters in Wyomissing, Pennsylvania, Utilities Employees Investment Services is focused on helping America’s utility and energy employees and their families make smart investment choices.
Established in 1934, UECU is a virtual credit union with financial representatives readily available over the phone, as well as 24-hour account access and free financial tools at the client’s disposal, enabling clients to have a full-service experience without brick and mortar locations regardless of where they may reside. UECU’s member-owned business model assures that every UECU decision is made with the best interests of the membership in mind. Utilities Employees Investment Services is comprised of industry veteran Gina Katrinak, an investment executive with a financial services career spanning over 20 years, and James Miller, also an investment executive with 28 years of combined business management and financial services experience. Gina and James emphasize holistic planning and strategic investing.
“We are excited to welcome Utilities Employees Credit Union to our institutional services platform and look forward to helping them realize their growth aspirations,” said Catherine Bonneau, President and Chief Executive Officer of Cetera Financial Institutions. “With the support of Cetera Financial Institutions, which provides customized investment solutions to more than 400 financial institutions nationwide, Utilities Employees Investment Services will focus on growth and on expanding its back office support.”
Bret Krevolin, Chief Financial Officer for UECU, commented, “As a virtual credit union, Utilities Employees Credit Union found that Cetera Financial Institutions understood our needs and growth opportunities. We were particularly attracted to Cetera Financial Institutions’ experience with virtual advising similar to ours, including its Rep on Demand service. Our Investment Executives James and Gina, along with the rest of their Investment Executive team, have personal and professional experience and are licensed to review a variety of investment and insurance products. We looked at the firm’s comprehensive services specifically dedicated to investment programs like ours, such as marketing and enhanced technology capabilities like Smartworks, which I’m confident will aide us as we grow our investment relationships with our members.”
“We look forward to a synergistic relationship between Cetera Financial Institutions, UECU and Utilities Employees Investment Services, as we work together to provide our membership with the highest level of service,” concluded Krevolin.
About Utilities Employees Credit Union
Since 1934, Utilities Employees Credit Union (UECU) has been providing exclusive financial benefits to America’s utility and energy employees and their families. A full-service, virtual credit union, UECU’s goal is to help workers improve their financial well-being, accumulate wealth, and conveniently manage their finances with 24/7 account access and free financial tools – from wherever they reside today or travel in the future. For more information, visit www.uecu.org.
About Cetera Financial Group
Cetera Financial Group is a leading network of independent retail broker-dealers empowering the delivery of objective financial advice to investors across the country through trusted financial advisors and financial institutions. The network is comprised of ten firms - four legacy Cetera-branded firms (Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services, marketed as Cetera Financial Institutions, and Cetera Financial Specialists) along with First Allied Securities, Investors Capital, Legend Equities Corporation, Summit Brokerage, VSR Financial Services and Girard Securities.
Cetera Financial Group is the second largest independent financial advisor network in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions. Cetera Financial Group delivers award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, and innovative technology to approximately 9,500 independent financial professionals and over 500 financial institutions nationwide. Through its distinct firms, Cetera Financial Group offers the benefits of a large, established broker-dealer and registered investment adviser, while serving independent and institutions-based financial advisors in a way that is customized to their needs and aspirations. Cetera Financial Group is committed to helping advisors grow their businesses and strengthen their relationships with clients. For more information, visit www.ceterafinancialgroup.com.
About Cetera Financial Institutions
Cetera Financial Institutions is the marketing name of Cetera Investment Services LLC, a self-clearing registered broker-dealer that delivers customized investment and insurance solutions to more than 400 financial institutions nationwide. Cetera Financial Institutions helps institutions expand their financial offerings, which allows clients to pursue their financial goals through a holistic approach while delivering sound and strong financial solutions. Through Cetera Investment Advisers LLC, an SEC registered investment adviser firm, financial advisors receive a wide array of solutions and back-office support, so that they can focus on their clients.
Cetera Investment Services LLC and Cetera Investment Advisers LLC are part of Cetera Financial Group, a leading network of independent retail broker-dealers. Cetera Investment Services is a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA). For more information, see www.ceterafinancialinstitutions.com.
The statements in this press release include statements regarding the intent, belief or current expectations of Cetera Financial Institutions and Cetera Financial Group and members of their respective management teams, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should," "look forward" or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements due to certain factors. Additional factors that may affect future results are contained in SEC filings of RCS Capital, the parent company of Cetera Financial Group, which are available at the SEC's website at www.sec.gov. Further, forward-looking statements speak only as of the date they are made, and none of Cetera Financial Institutions, Cetera Financial Group or RCS Capital undertakes any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.
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