Addison Avenue Investment Services, the investment services program of First Tech Federal Credit Union, has partnered with Raymond James Financial Services Inc. to offer investment and wealth management services.

Launched in 1998 to serve the investment needs of Hewlett-Packard employees, AAIS has since grown to one of the largest credit union investment programs in the country with $2.2 billion in assets under management, 30 financial advisers and 38 branches in eight states.

“We have been talking with Raymond James for some time now and beyond the depth of resources and services they offer, I have been most impressed with their home office associates,” said Scott Jenner, AAIS president/CEO and program manager.

The St. Petersburg, Fla.-based Raymond James, which recently announced an agreement to acquire Morgan Keegan, a brokerage firm, said it has $270 billion in assets under management with $35 billion managed by the firm's asset management subsidiaries.

In 2010, the $5.1 billion First Tech in Palo Alto, Calif., and Addison Avenue Federal Credit Union in Beaverton, Ore., combined to create the industry's largest merger.

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.