LPL Financial Adds Redstone Federal Credit Union to its Institution Services Platform

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LPL Financial to Provide Comprehensive Wealth Management Support and Retirement Planning Services to Prominent Alabama Credit Union

LPL Financial, the nation’s largest independent broker-dealer, an RIA custodian, and a wholly owned subsidiary of LPL Financial Holdings Inc., today announced that it has welcomed Redstone Federal Credit Union (RFCU), to its Institution Services platform. LPL Financial’s Institution Services unit provides comprehensive third-party brokerage, wealth management and trust services to the investment programs of banks and credit unions throughout the United States.

Joseph H. Newberry, President and CEO of RFCU, said, “We are excited to be teaming with LPL Financial, the nation’s leading independent broker-dealers, in providing financial services to credit union members. This relationship will allow us to expand and enhance our current investment program, Redstone Brokerage Services, by offering more features, functionality and improved customer service. Choices and service are what we at Redstone strive to deliver, and LPL Financial is the right partner for Redstone Brokerage Services.”

Craig Kamis, Senior Vice President of Business Development & Advisor Recruiting at LPL Financial Institution Services, said, “As one of the most well respected credit unions in the country, Redstone has a long and successful history of providing outstanding service to its members. We are pleased to help them grow their business and create new opportunities. The choice by Redstone to align with LPL Financial is evidence of the success we have had in attracting banks and credit unions to our integrated platform, which assists financial institutions in the areas of technology, resources, turnkey wealth management and trust capabilities.”

LPL Financial currently serves 724 banks and credit unions with brokerage, trust and wealth management services.

About Redstone Federal Credit Union

Founded in 1951, RFCU is headquartered in Huntsville, Alabama and is regulated and insured by the National Credit Union Administration (NCUA). RFCU has more than 365,000 members around the world and approximately $3.5 billion in assets, Redstone Brokerage Services has eight financial consultants in its investment program with approximately $317,000,000 in client assets. Redstone Federal Credit Union’s mission is to provide an incomparable level of service through its philosophy of…People Helping People. For more information, please visit

About LPL Financial

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc., is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2013), an RIA custodian, and an independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,600 financial advisors and approximately 700 financial institutions. In addition, LPL Financial supports approximately 4,500 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have more than 3,000 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit

Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, Member FINRA/SIPC

Insurance products offered through LPL Financial and its licensed affiliates

The investment products sold through LPL Financial are not insured Redstone Federal Credit Union deposits and are not NCUA insured. These products are not obligations of the Redstone Federal Credit Union and are not endorsed, recommended or guaranteed by Redstone Federal Credit Union or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.

Redstone Federal Credit Union is not a broker dealer and is not affiliated with LPL Financial.


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