Atria’s CFS Poaches $1.8 Billion Credit Union Recruit From LPL Financial

Michael Madden, Contributing Editor & Research Analyst, Wealth Solutions Report

CUSO Financial Services Recruits Pittsburgh-Based Clearview Federal Credit Union With Over $1.8 Billion In Assets From LPL

Atria Wealth Solutions’ subsidiary CUSO Financial Services (CFS) has racked up another recruiting win.  The firm announced that Clearview Federal Credit Union, with 18 locations across Southwestern Pennsylvania, over 117,000 members and more than $1.8 billion in assets, has joined its platform from LPL Financial.

Lisa Florian, President & CEO, Clearview Federal Credit Union

This marks the third credit union to join CFS in weeks, closely following the May recruitments of Harvard University Employees Credit Union with more than 52,000 members and over $1 billion in client assets and Mobiloil Credit Union, with over $1 billion in assets and almost 75,000 members.

Lisa Florian, President and CEO of Clearview, said, “We’re excited about the future of Clearview and CFS. It was important to us to partner with a broker-dealer that understands our vision of helping our members enjoy a better life and will empower us to deliver the solutions that exceed their needs.”

Costas Grekis, VP of Wealth Management, Clearview Federal Credit Union

CFS, which focuses on financial institutions, provides strategic program management, products, advisory solutions and technology, including its proprietary platform that integrates the wealth management ecosystem. The firm also provides financial institutions a web portal and mobile app with a single sign-on integration with a financial institution’s home banking website to allow the institution’s clients to access both banking and investments together.

“As members’ expectations evolve, we knew we needed the support of a wealth management firm with the industry experience and agility to adapt,” said Costas Grekis, Clearview Vice President of Wealth Management. “CFS is an innovative, responsive, and accountable firm delivering all that and more to our team and members.”

New Financial Institutions Co-Heads Oversee Strong Recruiting Growth

Brian Bichler, Co-Head of Financial Institution channel, Atria Wealth Solutions

Earlier this year, Atria appointed Kevin Mummau and Brian Bichler as Co-Heads of its Financial Institution channel, with responsibility for CFS and its sibling Sorrento Pacific Financial, which also serves financial institutions. Both founded in 1997, CFS and Sorrento serve over 200 banks and credit unions.

Bichler said, “We work diligently to create unique experiences for each of our financial institutions and Clearview is no exception. From the beginning, our focus has been to understand their vision and challenges, and then develop a customized approach which includes an in-person training initiative, specialized support and smart, seamless solutions proven to enrich the financial professional and member relationship.”

Michael Madden, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at mmadden@wealthsolutionsreport.com.

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