Osaic announced Tuesday that Blaze Credit Union joined its Osaic Institutions channel. Blaze’s wealth management operations has $840 million in assets, according to Osaic.
Blaze was formed last year via the merger of two Minnesota-based credit unions: Spire Credit Union, which had a relationship with Osaic, and Hiway Credit Union.
Blaze has 28 branch locations serving almost 250,000 members, making it one of Minnesota’s largest credit unions, Osaic said. Blaze Retirement and Investment Services has eight advisors.
“Spire Credit Union and its wealth management team have been valued partners of Osaic for many years,” said Stephen Amarante, Executive Vice President of Osaic Institutions.
“We’re pleased to continue this partnership with the newly formed Blaze Credit Union, supporting their commitment to empowering members with thoughtful, personalized wealth management and retirement planning built on trust and collaboration.”
“Blaze was founded to serve our members with compassion, integrity and a commitment to their financial well-being,” according to Jim Ganger, Senior Vice President and Chief Experience Officer at Blaze Credit Union. “As such, we wanted a partner who truly values personal service and meaningful, lasting relationships.”
“We believe that Osaic’s strong technology, service commitment and advisor-first culture make them the right long-term choice for our team and the members we are privileged to serve.”
Earlier this year, Osaic Institutions added five credit unions from Atria’s CFS channel and partnered with Navy Federal Credit Union.
In December, Osaic partnered with HarborOne Bank, a community bank serving Massachusetts and Rhode Island that added $114 million in assets under management (AUM) to Osaic Institutions.
Osaic, a portfolio company of Reverence Capital Partners, supports approximately 11,000 financial professionals.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
