Security Service Federal Credit Union has selected Raymond James as its new broker-dealer after an 11-year run with a rival firm.

The San Antonio-based credit union chose Raymond James following an industry review and evaluation of service providers, said John Dallahan, the investment services program manager at Security Service.  "The various products and services offered by Raymond James were consistent with the investment needs of our membership," he said.

The credit union's investment services team includes 15 financial advisors who collectively manage approximately $576 million in client assets and produce more than $5.2 million in annual revenue, according to Raymond James. The advisors are supported by five sales assistants and operate out of 35 offices.  

Security Service has 70 locations in Texas, Colorado and Utah, and provides a range of investment services, including business and estate planning. Its investment services program was previously with Cetera. 

"Security Service is one of the top 10 credit unions in the United States, serving members worldwide, so we are honored that an organization of their size, scope and reputation selected Raymond James to assist with their investment services offering," John Houston, managing director of the Raymond James Financial Institutions Division, said in a statement.

Raymond James declined to say how many banks and credit unions it had signed this year.

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