Great Southern forms alliance with Penney, Murray and Associates

According to a Great Southern news release, Great Southern has transferred its broker-dealer relationship from Raymond James Financial Services to Ameriprise Financial Services, as a result of the alliance, which went into effect April 9.

Penney, Murray and Associates, which is located at 1342 E. Kingsley, Ste. E, is led by senior financial advisers Ron Penney and Seth Murray.

The firm has served its clients’ investment needs through Ameri-prise for more than 25 years.

“Our goal is to bring an even higher level of engaged service by providing both investment and financial advice,” Penney said in the release. “We take a unique, comprehensive and ongoing approach to financial planning by helping clients develop a customized financial plan with the appropriate combination of products and services.” 

According to the release, Minneapolis-based Ameriprise has more than 12,000 financial advisers nationwide.

Great Southern Bank’s financial services division has provided investment services for more than 20 years, according to Great Southern President and CEO Joseph W. Turner.

“We have continually evaluated our investment offerings to ensure that our clients receive the best products and services available and the level of service they deserve and expect,” Turner said in the release. “This new alliance with Penney, Murray and Associates will … provide our clients with more investment options and more personal customized service.”

The Great Southern Financial Services team of associates will continue to work from the Great Southern Investment Center, 2609 E. Sunshine St., Ste. B., and Penney, Murray and four additional associates also will have their offices at that location.

Penney, Murray and Associates will host an open house at the Great Southern Investment Center 9 a.m.–6 p.m. April 22–23.

Great Southern Bank has 39 retail banking centers and 170 automated teller machines in southwest, west and central Missouri. Assets total $2.4 billion.

Company shares (Nasdaq: GSBC) closed April 8 at $15.18, compared to a 52-week range of $15.02 to $29.78.[[In-content Ad]]