Excess liquidity, low term deposit rates and a changing corporate network have boosted the two-year-old Accolade Investment Advisory, LLC to $905 million currently under management.

The wholly-owned CUSO of the $3.2 billion Southeast Corporate FCU is growing faster than expected, said Peter Gibson, Accolade's director of investment advisory services. Growth in the last six months has been particularly brisk, he said.

"Now that we have a track record, we can talk to credit unions about what we've done, and our strategy is more than just theory," he 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
NOT FOR REPRINT

© 2024 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.