Bank of Hawaii has entered into a networking agreement with Cetera Financial Institutions to provide broker-dealer services for its investment services and insurance provider, Bankoh Investment Services, Inc. (BISI). This partnership aims to scale and expand BISI's investment services program, which currently has approximately $2.5 billion in assets under administration.
The collaboration will lead to BISI rebranding as Bankoh Advisors upon finalization of the transaction later this year. Wealth management clients are expected to benefit from enhanced technology and additional resources, while continuing to receive personalized financial advice locally in Hawaii.
This strategic move is driven by Bank of Hawaii's commitment to staying at the forefront of the evolving wealth management industry. The partnership with Cetera Financial Institutions is designed to improve efficiency and service delivery within its specific regional markets.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.