Security Service partners with Raymond James for investment and wealth management services
ST. PETERSBURG, Fla. – Raymond James’ Financial Institutions Division and Security Service Investment Group (SSIG), a wholly owned subsidiary of Security Service Federal Credit Union (SSFCU), announced a new relationship in which the advisors at SSIG will offer securities and wealth management services to its members through Raymond James Financial Services Inc. (RJFS), member FINRA/SIPC.
Security Service Federal Credit Union is an industry-leading financial institution with 70 locations in Texas, Colorado and Utah. SSIG currently provides a full range of investment services through 35 registered offices, including retirement, business and estate planning, asset allocation, college savings and socially-responsible investment solutions. Through RJFS, the advisors at SSIG offer products such as mutual funds, exchange traded funds, stocks and bonds, individual retirement accounts and insurance products.
“Raymond James is well recognized within the industry and brings an outstanding level of expertise and commitment,” said John Dallahan, SSIG senior vice president of investment services. “Successfully navigating major life experiences like college and retirement can be overwhelming for clients. Together, we will work with our members to define individual financial needs, prioritize investment goals and identify products and strategies that will help them meet their personal goals.”
The investment services team at SSIG is led by Dallahan and was previously with Cetera Investment Services before converting to Raymond James. The team includes 15 financial consultants and five sales assistants who operate out of 35 registered offices. Collectively, the advisors at SSIG manage approximately $576 million in client assets and produce more than $5.2 million in annual revenue.
“Security Service is one of the top 10 credit unions in the United States, serving members worldwide, so we are honored that an organization of their size, scope and reputation selected Raymond James to assist with their investment services offering,” said John W. Houston, managing director of the Raymond James Financial Institutions Division. “We are confident that the resources and capabilities at Raymond James will provide the best value for their financial advisors and their members. It is our privilege to work with the wealth management team at SSIG and we look forward to a long and mutually rewarding relationship.”
About Raymond James Financial Services
Raymond James Financial Services, Inc. is a financial services firm supporting more than 3,400 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 6,600 financial advisors serving in excess of 2.7 million client accounts in more than 2,700 locations throughout the United States, Canada and overseas. Total client assets are approximately $504 billion.
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. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value. Security Service Investment Group, Security Service Federal Credit Union and Raymond James are all independent entities.
About Security Service Investment Group
Security Service Investment Group (SSIG) has offered investment services at Security Service Federal Credit Union since 2001 to meet credit union members' long-term financial needs. SSIG is a wholly owned subsidiary of Security Service Federal Credit Union.