San Diego-based CUSO Financial Services, a broker/dealer focused on credit unions, said it had a record 2018 in terms of revenue, renewing contracts with more than a dozen credit unions with $36 billion in client assets and 2.4 million members.
Most recently, the firm renewed a multiyear contract with Allegacy Federal Credit Union of North Carolina, which has $1.47 billion in assets and more than 148,000 members.
CUSO is a subsidiary of Atria Wealth Solutions, the private equity-backed wealth management holding company launched by former Morgan Stanley executive Doug Ketterer in 2017. Atria also owns sister b/d Sorrento Pacific Financial, also in San Diego.
Last April, Atria acquired Cadaret, Grant & Co., a Syracuse, N.Y.-based independent b/d with about 900 advisors and more than $23 billion in assets under administration. Most recently in January, the firm acquired NEXT Financial Group, a Houston-based independent b/d with about 500 advisors and $13 billion in AUA.