LPL Financial has added Alliant Credit Union, with $8.2 billion in assets, to its institution services platform, LPL's third-party brokerage that provides wealth management and trust services to the investment programs of banks and credit unions.

Chicago-based Alliant Credit Union serves more than 270,000 members through its online services and through 14 branches across the country. Originally started as the credit union for employees of United Airlines, Alliant today serves a range of clients from major corporations to smaller enterprises and individuals. Its investment program team consists of nine financial advisors.

"We are especially pleased to offer our services to so prominent and well-established an institution as Alliant Credit Union," Andy Kalbaugh, managing director at LPL Financial Institution Services, said in a statement. "We also believe that our new partnership with Alliant reflects a larger industry trend, as we have increasingly seen a migration of credit unions toward service providers whose more robust capabilities can translate into more opportunities for growth."

Laura Wallace, vice president of branches and retirement & investment services at Alliant Credit Union, said LPL Financial's brokerage services, wealth management and trust solutions will enable Alliant Credit Union to expand the range of services it offers its client members.

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc., is an independent broker-dealer and an independent consultant to retirement plans. It provides integrated technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to over 13,100 financial advisors and approximately 685 financial institutions.