Sorrento Pacific Financial Strikes ‘Pass Through’ Arrangement With $23.5 Billion Financial Institution, Providing Access To Atria’s Clear1 Portal And Unio Platform
Sorrento Pacific Financial (SPF), a broker-dealer subsidiary of Atria Wealth Solutions focused on the credit union wealth management space, announced a multiyear secondary clearing arrangement, commonly known as a “pass through,” with Bankoh Investment Services (BISI), the broker-dealer subsidiary of Bank of Hawai‘i, that will leverage SPF’s wealth management operating platform on behalf of the $23.5 billion financial institution.
“As we look at our business today and into the future, it is clear to us that the demands placed on our business and financial professionals will only grow exponentially,” said BISI CEO and President Christopher Otto. “We see this across the entire landscape from what clients expect from their financial services providers to increased regulatory demands to our internal growth goals. We sought a partner able to provide an operating model to meet those ever-increasing demands and to free us up to focus on the relationships between us and our clients. SPF is that solution.”