Kern Schools Federal Credit Union has enlisted LPL Financial to be its new broker-dealer. The Bakersfield, Calif.-based financial institution was drawn to LPL’s retirement planning capabilities, technology platform and in-house insurance services, LPL announced Tuesday.

Kern Schools’ wealth management program has more than $267 million in assets under management and four financial advisors. The program offers a wide range of wealth management products and services, LPL said. 

Kern Schools serves approximately 165,000 members through seven branches in Kern County, Calif. It has $1.2 billion in assets, placing it among the top 10% of credit unions across the United States based on assets, according to LPL.

“We considered the areas which we believe could make the greatest impact on the future of Kern Schools and concluded the resources we would gain by joining with LPL Financial were the most attractive,” Larry Braley, vice president of Wealth Management at Kern Schools, said in a statement.

Kern Schools was founded in 1938 to serve Kern County public school teachers but has since grown to serve all who live, work or participate in Kern County, Calif., LPL said.

“Kern Schools has a history of providing its members with outstanding service, and LPL Financial Institution Services is pleased to help them grow their business and bring it to a new level of achievement,” Craig Kamis, senior vice president of Business Development & Advisor Recruiting at LPL  Financial Institution Services, said in a statement.

LPL serves more than 700 banks and credit unions with brokerage, trust and wealth management services.

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