MERIDEN, Conn., Aug. 13, 2021 /PRNewswire-PRWeb/ -- Infinex Financial Group, one of the nation's largest independent broker-dealers, was notified last week that SPIRE Retirement and Investment Services was awarded "Minnesota's Best" for Wealth Management. SPIRE Retirement and Investment Services provides retirement and financial planning for SPIRE Credit Union's 138,000 plus members and won gold in the division. SPIRE has over $1.8 billion in total assets.
SPIRE has five full time financial professionals, has had an 102% increase in revenue year-over-year, and stands at approximately 2 million in GDC year-to-date for 2021. Year-to-date, they have also increased their advisory business by 166%. (Jan. 2020 through Aug. 2020 versus Jan. 2021 through Aug. 2021.)
This survey was published in the Star Tribune in Aug. 2021 by "Minnesota's Best." Over 5,700 businesses, organizations and individuals competed to be named in the top three spots of 300+ categories: Gold, Silver and Bronze. The vote was open to the public and more than 525,000 votes were cast.
Stephen Amarante, President and CEO of Infinex Financial Group, said, "We were thrilled to hear that SPIRE Retirement and Investment Services received the Best of Minnesota gold status award. Investment programs located within the credit union space have unique challenges, but also limitless opportunities. The financial professionals at SPIRE are top notch and have embraced our collaborative philosophy. They have expanded their product mix and implemented Infinex resources in a way that works best for their financial professionals and their members. Their entire team deserves this recognition."
When asked about the award and Infinex's contribution, Jim Ganger, Senior Vice President and Chief Retail Officer at SPIRE Credit Union and Program Manager of SPIRE Retirement and Investment Services, stated, "Infinex's dedication to the financial institution channel and their flexible approach allows us to create the experience we want for our members. Their Advisory Services, technology, and marketing have been critical to growing our program, driving revenue, and delivering the investment, insurance, and wealth management services that our members want and deserve. I am proud of what we have accomplished together and that the personalized service our financial professionals provide is being recognized within our community."
"SPIRE Retirement and Investment Services has the right people in the right roles. They have been able to foster a collaborative culture that inspires each Representative to exceed client expectations and build trust," said Adam Bohlen, Infinex's Vice President and Relationship Manager, "In turn, the program has experienced an impressive increase in assets, referrals, and revenue. As their Relationship Manager at Infinex, I can attest to how great they all are to work with and how engaged they are with the resources we offer as their broker-dealer. Congratulations to Jim and the entire team and thank you for your continued partnership."
About SPIRE Credit Union
A full-service financial institution, proudly serving Minnesota and Wisconsin residents since 1934, SPIRE is committed to providing smart products, great rates and excellent service with a goal to improve the financial lives of both personal and business members. SPIRE has 20 branches throughout Minnesota. To learn more about SPIRE, please visit http://www.myspire.com. Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. SPIRE Retirement & Investment Services and SPIRE Wealth Management are trade names of SPIRE Credit Union. Infinex and SPIRE Credit Union are not affiliated. Products and services made available through Infinex are not insured by the NCUA or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any credit union or credit union affiliate. These products are subject to investment risk, including the possible loss of value.
About Infinex Financial Group
In 2018, Infinex celebrated its 25th anniversary as an independent broker/dealer focused on serving the investment, insurance and wealth management needs of financial institutions. Currently, Infinex supports over 230 community-based programs and more than 800 financial professionals. The firm, headquartered in Meriden, Conn., with offices in Napa, Calif., and Midlothian, Va., has a unique history of being formed by financial institutions and owned by financial institutions. To learn more about Infinex Financial Group, visit http://www.infinexgroup.com.
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of principal.
Media Contact
Brittany Chambers, Infinex Financial Group, +1 (707) 205-5418, [email protected]
Jim Ganger, Spire Retirement & Investment Services, (651) 641-2150, [email protected]
SOURCE Infinex Financial Group
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