Broker Check

NWFA CAPTURES LPL FINANCIAL’S INSTITUTION SERVICES INVESTMENT PROGRAM OF THE YEAR

March 12, 2019

Credit union investment program awarded at LPL’s annual Program Leadership Conference

Herndon, VA — Northwest Financial Advisors (NWFA) claimed the #1 spot for financial institution-based investment programs at LPL Financial’s annual Program Leadership Conference for top bank and credit union executives. Karen Benedict, Northwest Financial Advisors’ Sr. VP and program manager, was in attendance and accepted the award.

Northwest Financial Advisors is a subsidiary of NW Capital Management, a wholly owned subsidiary of Northwest Federal Credit Union, a $3.5 billion credit union serving more than 260,000 members. The firm was chosen as the Institution Services Investment Program of the Year out of more than 800 financial institutions within the LPL Financial platform. The award criteria consisted of quantitative and qualitative factors. The qualitative factors focused on the extent to which NWFA has optimized its program in the last five years, including hiring an investment manager and establishing model portfolios; and developing second story (nonbranch) advisors, advisor succession plans and an associate advisor development program.

“We’ve done a tremendous amount of work in the last several years to develop and enhance our program, and this took the cooperation of all of our team members to accomplish,” Benedict said. “I’m proud of our program and delighted to receive LPL’s recognition and support.”

Kevin Fisher, president & CEO of Northwest Financial Advisors, said, “After a challenging year in the financial markets, it is a pleasure to see our firm receive this honor. It is evidence of the strong relationships our advisors have formed with our clients. These trusted and enduring partnerships are the true reason our program has been so successful.”

In 2018, LPL also ranked Northwest Financial Advisors the #1 institution investment program among credit unions and #6 among banks and credit unions combined,1based on production alone.

1Rankings based on total production among all LPL Financial FIS advisors through December 31, 2018.

2As reported by Financial Planning magazine, June 1996-2018, based on total revenue.