Addison Avenue Investment Services, the investment program of First Tech Federal Credit Union, has transferred to Raymond James as its broker-dealer. Addison Avenue initially launched in 1998 to serve the investment needs of Hewlett-Packard employees. And since then, it has grown to include 30 advisors who cover 38 branches in eight states and manage a total of $2.2 billion in assets.

“We have been talking with Raymond James for some time now,” said Scott Jenner, Addison Avenue’s president, CEO and program manager, in a press release. “And beyond the depth of resources and services they offer, I have been most impressed with their home office associates. They have demonstrated a sincere dedication to serving our needs and making this transition as smooth and successful as possible. I know both our advisors and their clients are going to enjoy this unparalleled level of client service.”

Jenner noted that Raymond James’ recent $930 million acquisition of regional brokerage Morgan Keegan is also a plus. It will enable Addison Avenue’s advisors to “tap into an even deeper reservoir of talent and expertise in the fixed-income and public finance areas,” he said in the release.

Raymond James’ Financial Institutions Division provides brokerage service to more than 200 institutions in 43 states. That entails more than 300,000 client accounts with total investments under administration of about $29 billion.

Lee Conrad writes for Bank Investment Consultant.