The Oregon Community Credit Union’s investment services platform has moved its brokerage business from LPL Financial to Securities America, an independent broker/dealer that was recently acquired by Advisor Group.
The OCCU team oversees $340 million in client assets across 10 locations, and it has affiliated with Priority Financial Group, a Phoenix-based hybrid registered investment advisor and super office of supervisory jurisdiction of Securities America that specializes in customizing programs for financial institutions.
“The future of banking and wealth management is evolving rapidly, and the way members engage with credit unions will look very different going forward,” said Priority Financial Group CEO Michael Prior, in a statement. “At PFG, we are excited about helping OCCU drive growth by evolving its wealth management program, improving business operations and taking advantage of rapid technology innovations.”
Advisor Group closed its deal to acquire Ladenburg Thalmann, an independent broker/dealer network that included Securities America and others, earlier this year. In May, the firm announced it would fold three of those brokers, Investacorp, Securities Service Network and KMS Financial Services, into Securities America.
