Raymond James Financial Institutions Division welcomes $638 million credit union program in Arizona
ST. PETERSBURG, Fla. – Raymond James Financial Institutions Division (FID) recently welcomed the advisors at Desert Financial Wealth Management (DFWM) – the retail wealth management program at Desert Financial Credit Union, formerly Desert Schools Federal Credit Union - to the firm’s growing division, according to Tim Killgoar, senior vice president and head of FID. Through this new partnership, the advisors at Desert Financial will offer investment and wealth management services to their clients through Raymond James Financial Services, Inc., member FINRA/SIPC.
“Desert Financial Credit Union is Arizona’s largest locally based credit union, and their wealth program includes an experienced team with deep roots and longstanding relationships in the area,” said Killgoar. “We are pleased to welcome them to our growing Financial Institutions Division and are proud that they found Raymond James’ breadth of services and high level of support to be the best fit for their program going forward. We’re excited they chose Raymond James as their partner as they continue to grow their program and expand their wealth management services to clients.”
The investment program is led by Joshua Fadel, DFWM managing director and RJFS investment executive, and includes 11 financial advisors: Joseph Greenberg, Robert Nichols, Paul Wintermantel, David Jones, Eric Morgan, Ted McLellan, Jason Romero, Timothy Clemens, Mitchell Layton, Joshua Zahn and Joseph Hurab.
Based in multiple locations throughout Arizona, the advisors offer clients a variety of investment products and financial planning strategies to help reach their financial goals. Collectively, the advisors manage approximately $638 million in client assets.
“We are extremely pleased to align our new brand with one of the most successful brands in the wealth management business for the benefit of our members,” said Jeff Meshey, president and CEO of Desert Financial Credit Union. “Through this partnership, we are well-positioned to deliver on our commitment to providing financial solutions that make our members’ lives better.”
The advisors were previously affiliated with LPL for more than 18 years prior to partnering with Raymond James. Desert Financial Wealth Management was established in 2000. Desert Financial Credit Union was established in 1939 and is based in Phoenix, Arizona.
About the Financial Institutions Division
The Financial Institutions Division was established by Raymond James in 1987 to provide banks and credit unions with an alternative to traditional third-party investment providers. Raymond James provides full-service securities brokerage and advisory services to financial institutions seeking to compete with the largest banks and securities firms in the country. In addition to a full complement of investment products and services, Raymond James has the ability to deliver investment banking, public finance, research, self-clearing capabilities and wealth management services to both individuals and institutions.
Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC, an independent broker/dealer, and are not insured by bank insurance, the FDIC/NCUA or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal.
Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Desert Financial Wealth Management and Desert Financial Credit Union are not registered broker/dealers and are independent of Raymond James Financial Services.
About Raymond James Financial Services
Raymond James Financial Services, Inc. is a financial services firm supporting independent financial advisors nationwide. Since 1974, Raymond James Financial Services Inc., member FINRA/SIPC, has provided a wide range of investment and wealth planning related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF) a leading diversified financial services company with approximately 7,800 financial advisors throughout the United States, Canada and overseas. Total client assets are $765 billion.
About Desert Financial Credit Union
Celebrating 80 years in Arizona, Desert Financial is the state’s largest credit union with $4.6 billion in assets, more than 335,000 members and 48 locations across the Valley. As a not-for-profit cooperative, Desert Financial prides itself on sharing success with its members, its team and the wider community. Learn more at www.desertfinancial.com.
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