First Federal Investments was created in 2001, and began production in early 2002 with one advisor housed at First Federal Bank’s Nelson Financial Center in Lake Charles. In 2005, a second advisor was added and housed at the bank’s Sulphur branch office, and in January 2008 an investment office was open at the bank’s North Mall office in Alexandria, and housed our third advisor who serviced the Central Louisiana (CENLA) branches.
The program was supported by Financial Network Investment Corporation, a third-party broker/dealer until late 2005. In November 2005, the program converted its operations to a new broker/dealer, PRIMEVEST Financial Services, Inc., renamed in late 2012 to Cetera Investment Services LLC. Cetera Investments Services specializes in financial institution brokerage services, which puts our program above the rest.
First Federal Investments is among the top thirty Cetera programs in the nation and is ranked in the top three Cetera programs in our peer group nationwide. The program currently has three talented advisors, located in Lake Charles and Sulphur, who are dedicated to their business and to their clients throughout Southwest Louisiana and in the CENLA area. These advisors are all certified as Investment Advisor Representatives.
First Federal Investments adopted its own Vision and Mission Statements that correlate to the bank’s overall strategic plan. The program plays a vital role in the success of First Federal Bank, and in servicing our clients at a level they deserve.
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*The inclusion of the wealth management organization in the referenced awards or recognition that are based on a proprietary criterion of the awarding organization may not represent the experience of all participants. The rating is not indicative of the organizations future performance.