SAN DIEGO — As an alternative to traditional, commissioned-based relationships, CUSO Financial Services LP has launched three fee-based accounts for credit unions.
The CUSO Asset Management suite includes ETF (Exchange Traded Funds), Index Plus (Index Mutual Funds), and UMA (Unified Management Account). Fee-based asset management provides investors with an alternative to the more traditional "commission-based" relationship with their investment advisors, according to CFS. In a typical fee-based, fully managed account relationship, the investor pays an annual fee based on a percentage of assets being managed.
Over the past several years, CFS said it has focused on expanding its fee-based offering in terms of both products and sales support. Fee-based assets grew more than 50% in 2007, the CUSO said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
