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ESL Federal Credit Union Subsidiary Finalizes Acquisition of Cooper/Haims Advisors

With the acquisition of Cooper/Haims Advisors complete, ESL Wealth Management expands its product and service offerings, and surpasses $2 billion in invested assets.

Rochester, NY — ESL Federal Credit Union announces that its subsidiary, ESL Investment Services, LLC, has completed its acquisition of Cooper/Haims Advisors.

“The quality and breadth of wealth management service offerings we can offer to the Greater Rochester area has significantly expanded with Cooper/Haims now being a part of ESL,” said Faheem Masood, President & CEO, ESL Federal Credit Union. “With the needs of the market ever-changing, having the Cooper/Haims team join the ESL family greatly improves our wealth management team’s capabilities of addressing those needs for our clients while providing the high-quality customer experience we are known for.”

With the acquisition complete, ESL Wealth Management services include retirement planning, investment management, insurance planning, financial planning, tax planning, trust planning and administration, estate planning, and succession planning for individuals, businesses, and corporations.

“To now be a part of ESL and the impressive legacy it has built in the Greater Rochester market is exciting and energizing for our team,” said Richard Bentley, Division Manager & Lead Financial Advisor, Cooper/Haims Advisors. “We always viewed this as more of a partnership than an acquisition. With the backing and support of ESL, Cooper/Haims is now able to be purely dedicated to the needs and interests of our clients. Our level of service and commitment to them only improves going forward.”

Cooper/Haims is now a wholly owned subsidiary of ESL Investment Services, LLC. The company will continue to operate under the name, Cooper/Haims Advisors, out of its offices at 50 Square Drive in Victor, NY.

“Working with the Cooper/Haims team throughout this acquisition process has provided an inspiring look into what ESL’s wealth management services can now provide to the market,” said Leo Iacobelli, Senior Vice President/Director, ESL Wealth Management, and President and Chief Operating Officer, ESL Investment Services, LLC. “Our wealth management clients expect the highest quality of service and with Cooper/Haims now on board, our ability to deliver on that promise is realized now more than ever before.”

With the acquisition of Cooper/Haims Advisors complete, ESL Wealth Management employs approximately 60 and has more than $2 billion in invested assets.

About ESL Federal Credit Union

With nearly 100 years of locally-owned history, ESL Federal Credit Union serves as a full-service financial institution to approximately 364,000 members world-wide. The company provides personal, business banking, and wealth management services through its locally-based 21 branch network, telephone, mobile, online, and live chat center.

The Rochester-based financial institution employs more than 810 people in Rochester, New York and holds $6.6 billion in assets. The company has appeared on the Great Place to Work® Best Small & Medium Workplaces list for eight years since 2010. ESL Federal Credit Union is headquartered at 225 Chestnut Street, in Rochester, and can be found on the Internet at www.esl.org.

Find and connect with ESL on Twitter (@ESLFCU) and Facebook.com/ESLFCU

For more information, contact:

Rich Pulvino, APR
Manager, Corporate Communications
rpulvino@esl.org
585.336.1009