Cetera Financial Group and Lighthouse Credit Union Forge Strategic Partnership in Wealth Management
Cetera Financial Group, a leader in wealth management services, has announced a strategic partnership with Lighthouse Credit Union, a notable credit union with its roots at the Portsmouth Naval Shipyard in Maine. Founded in 1936, Lighthouse Credit Union has developed a robust membership base, now serving over 165,000 individuals and managing nearly $2 billion in assets. This collaboration aims to enrich Lighthouse’s member-focused investment program through Cetera's extensive resources and proven expertise.
The recent networking agreement between the two organizations marks a significant milestone for Lighthouse Credit Union. With a long-standing commitment to its members and the community, the credit union is dedicated to providing innovative financial solutions. The transition from state to federal charter enhances its ability to serve not only its traditional members in New Hampshire and Maine but also a broader audience. This increased reach is a cornerstone of Lighthouse's mission, aligning seamlessly with Cetera’s vision for member empowerment and financial growth.
In the last year alone, Lighthouse Credit Union has made over $500,000 in contributions to local nonprofits, reflecting its deep commitment to community welfare. This partnership with Cetera Financial Institutions will allow Lighthouse to amplify its charitable efforts while simultaneously enhancing the investment services provided to its members through Lighthouse Wealth Advisors. This strategic initiative is set to leverage cutting-edge technology to deliver tailored wealth management solutions, thus fulfilling the growing demand for personalized financial advice.
LeAnn Rummel, president and CEO of Cetera Investment Services, expressed enthusiasm for the partnership, stating, "We are proud to welcome a financial institution as dedicated to its members and their communities as Lighthouse Credit Union. I appreciate the confidence Lighthouse Credit Union has placed in our capabilities." Cetera’s longstanding experience in investment services is expected to significantly impact Lighthouse's operational growth and member satisfaction.
Conversely, John Olerio, vice president of wealth management at Lighthouse, indicated the shared values between both institutions. "From our first meeting, it was clear that their values aligned with ours. Together, we're dedicated to enhancing member services by leveraging cutting-edge technology to deliver personalized wealth management solutions."
Cetera Financial Institutions has a strong presence within the financial landscape, supporting over 450 banks and credit unions. Celebrating its 40-year anniversary in 2024, Cetera boasts an impressive retention rate of 99% among its affiliated institutions, underscoring the effectiveness of its partnership model.
As independent financial advisors and institutions increasingly seek tailored solutions to meet client needs, Cetera’s ability to provide a repeatable blueprint for scalable growth is particularly valuable. This provides an opportunity for Lighthouse Credit Union to enhance its service offerings while remaining committed to its foundational goal of enriching members’ financial lives.
With the future of financial services rapid in technological advancement, this partnership exemplifies the shift towards more integrated and community-oriented banking solutions. Lighthouse Credit Union's dedication to fostering community well-being and financial literacy will undoubtedly benefit from Cetera’s wide array of investment solutions. This collaboration could pave the way for innovative practices and inspire other financial entities to focus on member-centric initiatives.
As the financial landscape continues to change, partnerships like that of Cetera and Lighthouse Credit Union will likely become increasingly significant in meeting the evolving needs of financial consumers. This alliance not only aims to enhance growth and operational capacity for both parties; it is also expected to produce long-lasting benefits for the communities they serve, making a meaningful impact in the world of finance.
The recent networking agreement between the two organizations marks a significant milestone for Lighthouse Credit Union. With a long-standing commitment to its members and the community, the credit union is dedicated to providing innovative financial solutions. The transition from state to federal charter enhances its ability to serve not only its traditional members in New Hampshire and Maine but also a broader audience. This increased reach is a cornerstone of Lighthouse's mission, aligning seamlessly with Cetera’s vision for member empowerment and financial growth.
In the last year alone, Lighthouse Credit Union has made over $500,000 in contributions to local nonprofits, reflecting its deep commitment to community welfare. This partnership with Cetera Financial Institutions will allow Lighthouse to amplify its charitable efforts while simultaneously enhancing the investment services provided to its members through Lighthouse Wealth Advisors. This strategic initiative is set to leverage cutting-edge technology to deliver tailored wealth management solutions, thus fulfilling the growing demand for personalized financial advice.
LeAnn Rummel, president and CEO of Cetera Investment Services, expressed enthusiasm for the partnership, stating, "We are proud to welcome a financial institution as dedicated to its members and their communities as Lighthouse Credit Union. I appreciate the confidence Lighthouse Credit Union has placed in our capabilities." Cetera’s longstanding experience in investment services is expected to significantly impact Lighthouse's operational growth and member satisfaction.
Conversely, John Olerio, vice president of wealth management at Lighthouse, indicated the shared values between both institutions. "From our first meeting, it was clear that their values aligned with ours. Together, we're dedicated to enhancing member services by leveraging cutting-edge technology to deliver personalized wealth management solutions."
Cetera Financial Institutions has a strong presence within the financial landscape, supporting over 450 banks and credit unions. Celebrating its 40-year anniversary in 2024, Cetera boasts an impressive retention rate of 99% among its affiliated institutions, underscoring the effectiveness of its partnership model.
As independent financial advisors and institutions increasingly seek tailored solutions to meet client needs, Cetera’s ability to provide a repeatable blueprint for scalable growth is particularly valuable. This provides an opportunity for Lighthouse Credit Union to enhance its service offerings while remaining committed to its foundational goal of enriching members’ financial lives.
With the future of financial services rapid in technological advancement, this partnership exemplifies the shift towards more integrated and community-oriented banking solutions. Lighthouse Credit Union's dedication to fostering community well-being and financial literacy will undoubtedly benefit from Cetera’s wide array of investment solutions. This collaboration could pave the way for innovative practices and inspire other financial entities to focus on member-centric initiatives.
As the financial landscape continues to change, partnerships like that of Cetera and Lighthouse Credit Union will likely become increasingly significant in meeting the evolving needs of financial consumers. This alliance not only aims to enhance growth and operational capacity for both parties; it is also expected to produce long-lasting benefits for the communities they serve, making a meaningful impact in the world of finance.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.