Raymond James (RJF) said Wednesday that the largest credit union in Oregon will offer investment and wealth management services to its clients through its brokerage and investment services.
OnPoint Community Credit Union has more than 274,000 members and assets of $3.5 billion. Its investment-services team includes eight advisors, who manage close to $220 million in client assets.
"This transition to Raymond James gives our members even more options to help [clients] secure their financial future," said OnPoint CEO and President Rob Stuart, in a press release. "With more robust offerings and added educational tools, this new relationship will provide our clients access to one of the most respected investment firms in the country.
OnPoint has branch locations in 13 counties in Oregon and two in Washington.
"It's a pleasure to welcome OnPoint's experienced investments team to our Financial Institutions Division," said John Houston, managing director of the Financial Institutions Division of Raymond James, in a statement.
"We are delighted they chose to partner with us, and we look forward to providing the sophisticated products and services, the integrated technology and comprehensive support they need to continue to grow," Houston explained.
Wirehouse Recruits
On Friday, Wells Fargo Advisors (WFC) said it added a team of two advisors from Bank of America-Merrill Lynch (BAC).
