Woodmen Financial Services Hits $1 Billion in Assets
Woodmen Financial Services Inc. (WFS) has reached a milestone worth celebrating. The 15-year-old brokerage firm has hit $1 billion in assets.
Tim Buderus is the president of WFS. He said this achievement is about its members.
“Everything we do is about helping our members meet their financial goals,” Buderus said. “We offer an array of products and services that help our clients plan for retirement, their children’s education – whatever they aspire to do in the coming years.”
“Most WFS clients talk about their visions for retirement,” he said. The firm offers mutual funds, market-based variable annuities with guarantees, 529 College Savings Plans, and more.
WFS is affiliated with WoodmenLife, a not-for-profit life insurance company with nearly $11 billion in assets and a surplus of $1.36 billion. More than 325 WoodmenLife Sales Representatives are also licensed WoodmenLife Registered Financial Representatives.
“WoodmenLife and WFS are guided by our commitment to make decisions based on members’ needs. We have promised to act with honesty and integrity as we strive to grow responsibly,” said WoodmenLife President & CEO Patrick Dees. “We work daily to maintain their trust with conservative financial planning and smart decision-making.”
Other WFS milestones:
- July 1, 2002: Opened doors for investment sales.
- July 1, 2003: Started to offer the WoodmenLife Variable Annuity.
- October 2006: Topped $100 million in assets for the first time.
- August 2007: Offered other companies’ variable annuities.
- March 2012: Roster of licensed Registered Representatives topped 300.
- October 2013: WoodmenLife Variable Annuity assets topped $250 million.
- December 2013: WFS topped $500 million in assets.
- January 2018: WFS hits $1 billion in assets.