Feb 22

NW Capital Management Subsidiaries Reach $2 Billion in Assets Under Management (AUM)

Northwest Federal investment program doubles total AUM in six years

Herndon, Va. — NW Capital Management (NWCM), a wholly owned subsidiary of Northwest Federal Credit Union, today announced that its subsidiaries, Northwest Financial Advisors (NWFA) and Northwest Financial Group (NWFG), reached $2 billion in total Assets Under Management (AUM), a major financial milestone for the Northern Virginia wealth management business and credit union service organization (CUSO).

Total AUM reflects the total value of brokerage, advisory and 401(k) business. But to NWFA President and CEO Kevin Fisher, the achievement is not just about the dollar figure.

“To achieve this milestone is a testament to the holistic approach our advisors take to financial planning and the long-term relationships they have developed with our clients. Our advisors provide lifelong advice and support, taking into consideration an individual’s entire financial picture. I thank them for their hard work, professionalism and dedication to our clients who entrust their precious savings with us,” said Fisher.

The growth in AUM can largely be attributed to the strength of the advisory model which requires advisors to work in the best interest of their clients and to take an objective, independent approach to providing investment advice. NWFA also offers clients a wide array of investment vehicles, resources and tools that allow clients to make appropriate investment choices. Clients have recognized the benefits of working with NWFA and responded with their loyalty. It was also made possible through several strategic initiatives, in particular, hiring top talent to support our growth plan. Favorable market conditions resulting in an increase in the value of assets has also been a driving factor for the rise in AUM.

Karen Benedict, NWFA’s senior VP and program manager said, “To double our total AUM in just six years is an incredible achievement. I’m very proud of our advisors and their outreach efforts — especially in providing educational opportunities to credit union members and external organizations — that have helped fuel the growth of our business.”

NWFA plans for continued growth include recruiting and developing talent, enhancing technology, collaborating with its credit union parent and marketing its services to nonmembers in the community.

 

About Northwest Financial Advisors

Serving individuals and businesses across the nation for more than two decades, Northwest Financial Advisors (NWFA) is owned by NW Capital Management, a wholly owned subsidiary of Northwest Federal Credit Union, and offers a comprehensive range of personalized, objective wealth management advice and solutions to help individuals, families and business owners create, grow, protect and preserve their assets. LPL Financial, the nation’s leading independent broker-dealer and NWFA’s securities custodian, ranked NWFA the No. 1 investment program among its credit union programs and the No. 5 investment program among its bank and credit union programs combined in 2020 (based on total investment revenue).1 For more information, visit nwfllc.com.

Northwest Federal Credit Union and NW Capital Management are not affiliated with LPL Financial.
Securities are offered through LPL Financial (LPL), a registered broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Investment advice offered through Northwest Financial Advisors, a registered investment advisor and separate entity from LPL Financial. Northwest Federal Credit Union (NWFCU) is not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Northwest Financial Advisors and may also be employees of NWFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NWFCU or Northwest Financial Advisors. Securities and insurance offered through LPL or its affiliates are:
Not Insured by NCUA or Any Other Government Agency / Not Credit Union Guaranteed / Not Credit Union Deposits or Obligations / May Lose Value

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Feb 04

Nikki Young Promoted to Associate Financial Advisor

Herndon, Va. — Northwest Financial Advisors (NWFA), a nationally recognized wealth management firm,1 today announced the promotion of Nikki Young from Client Service Associate to Associate Financial Advisor.

Young embarked on her financial advisory career upon joining NWFA in April 2017. She held both operational and sales support positions with the firm prior to her promotion. Her previous employment includes customer and sales support positions in the bank and credit union industries.