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CUSO Financial Services adds three investment products
SAN DIEGO (1/17/08)--CUSO Financial Services has added three new fee-based accounts to a line of products available for its credit union member clients. The additions are part of the CUSO Asset Management (CAM) suite, and include Exchange Traded Funds, Index Plus and Unified Management Account. All products are available to credit union clients and their advisory representatives. CUSO also announced that it has expanded its advisory services staff and reported a 50% increase in fee-based assets for 2007. Fee-based asset management provides investors with alternatives to commission-based relationships with investment advisors. In fee-based relationships, investors pay annual fees based on a percentage of assets managed. Fee-based accounts are used by investors seeking access to portfolios across a broad selection of asset classes and professional money managers, according to CUSO. CUSO provides services to more than 110 credit unions nationwide.


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