Announces MW Wealth Advisors
SAN JOSE, CA – March 17, 2016 – Meriwest Credit Union and its newly formed subsidiary, MW Wealth Advisors (MWWA), announced that it has recently reached an agreement to acquire a portion of Credit Union Financial Partners (CUFP) a local financial and investment services firm’s, portfolio. The acquisition of the CUFP portfolio is expected to help accelerate the growth of MWWA in providing wealth management services in the Bay Area, particularly in investments, retirement planning and estate planning, as Meriwest continues to deliver on its mission of providing a full array of financial products and services for its members.
“CUFP and now MW Wealth Advisors will continue to be one of the top credit union providers of wealth management services in the Bay Area, making them an ideal addition to our business," said Julie Kirsch, CEO of Meriwest Credit Union. "This acquisition will enable us to better serve our members in the wealth management market, particularly those who are seeking personal advisors and service not realized by larger investment groups, and we are excited about the new opportunities this will create for our growth."
Tony Cortez, Meriwest Credit Union SVP and Chief Experience Officer, has been appointed as Chairman of the Board of Directors of MW Wealth Advisors.
“As a part of the Meriwest organization, we are pleased that our members and those in the community can now realize the additional services of what Meriwest offers,” said Tony Cortez. “Most importantly, the personal service, knowledge, and complete suite of products that one would expect from a larger financial institution, all locally and easily available in their neighborhood.”
The agreement to acquire the CUFP portfolio allows Meriwest to continue to execute on its growth strategy and extend its position as an area resource for the community in providing financial and wealth management solutions.
"We are honored to join the Meriwest family," said Bryan Foertsch, President of CU Financial Partners. "Doing so means we join a leading credit union and service provider of personalized financial planning and investment services, and becoming a part of this growing company will allow us to provide our innovative products to a broader set of members in the markets Meriwest serves."
About Meriwest Credit Union
Meriwest Credit Union, one of Silicon Valley’s largest and established financial institutions, has been providing proactive, personal, convenient and innovative financial services to over 68,500 businesses and families throughout the San Francisco Bay Area and Tucson, Arizona, since 1961. More information can be found at www.meriwest.com.
About CU Financial Partners, LLC
CU Financial Partners provides personalize financial and investment services to the members of Meriwest Credit Union and PremierOne Credit Union. In addition to supplying financial and investment services to Credit Unions we are also a full service financial investment company offering extensive investment advice as well as retirement planning, estate planning, educational savings plans, and a vast array of insurance products.