Sorrento Pacific Financial and CUSO Financial Services Honored by Bank Insurance & Securities Association at its Annual Conference


Executive VP Kevin Mummau inducted into Circle of Excellence while Tech Innovation Award also given to sister broker-dealers

SAN DIEGO – March 10, 2014 – The Bank Insurance & Securities Association (BISA) honored sister broker-dealers and Registered Investment Advisers Sorrento Pacific Financial, LLC (SPF) and CUSO Financial Services, LP (CFS) with two awards at its Annual Convention held March 5-7, 2014 in Hollywood, Florida. Executive Vice President Kevin Mummau was inducted into the BISA Circle of Excellence, and the companies’ Mobile Scanning App was honored with a Tech Innovation Award.

The BISA Circle of Excellence honors individual professionals for their commitment to the banking insurance and securities industry. Candidates for this award must be program executives with a minimum of 20 years of experience who have impacted the financial services industry in a positive manner. BISA may select up to three recipients annually; this year only two awards were given.

Mummau has more than 30 years of broad-based experience in the brokerage industry. He oversees relationship management teams, managed investment programs, and program development initiatives at the two companies, and developed an extensive program analysis system that has improved results for the companies’ financial institution clients many times over. His diverse background covers many facets of the securities industry including trading, supervision, operations, compliance, retail, and branch management.

The BISA Technology Innovation Award recognizes leadership in the advancement of the financial services industry's products, services and platforms through technology innovation. This award highlights companies for their commitment to technology-based solutions. 2014 marks only the second year that awards have been bestowed.

The CFS/SPF Mobile Scanning App is a new software technology designed for advisors working in investment programs within banks and credit unions; it enables advisors to remotely and securely capture client investment documentation such as new account forms, transfer forms, check copies and others. The app automatically uploads the information to dataVISION®, the CFS/SPF web-based account management system. The app meets all regulatory compliance requirements and is available for iOS users on their iPad®, iPod® and iPhone® devices and for Android devices as well. The CFS/SPF Mobile Scanning App provides true mobility to investment advisors, many of whom frequently work remotely. It increases efficiency and makes the advisor’s workflow easier, so they can spend more time with clients.

“Kevin certainly deserves induction into the Circle of Excellence as he has been a stalwart in our industry. We are so proud to have him as a member of our executive team,” says Valorie Seyfert, CEO of both companies. “To have the Mobile Scanning App recognized is also a great honor. We have had a commitment to technology from the outset and we are glad to know we continue to lead. Thank you, BISA.”

About CUSO Financial Services, LP and Sorrento Pacific Financial LLC

Full-service, sister broker dealers CUSO Financial Services, L.P. (CFS) and Sorrento Pacific Financial LLC (SPF) (Members FINRA/SIPC) provide customized investment and insurance solutions to financial institutions throughout the country. Headquartered in San Diego, with branch offices and licensed representatives nationwide, both broker dealers are SEC Registered Investment Advisers, with expertise in key areas including retirement services, wealth management, and fee-based and insurance products for both individuals and business customers. For more information, see www.cusonet.com or www.sorrentopacific.com.

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Contact: Beth Walsh beth@clearpointagency.com 760-230-2424

Investment products are offered by CUSO Financial Services, L.P. (Member FINRA/SIPC) and are not NCUA/NCUSIF insured, not credit union guaranteed, and may lose value.