According to BIC, the list recognizes bank and credit union program managers based on several qualifying criteria, including total team assets under management*, annual team production, percentage growth of team assets, growth of the institution’s investment business, average production per advisor and the number of advisors and licensed employees under their supervision.
LPL program managers recognized on the list include:
- #5 – Rebecca Robinson, Zions Bank, Dallas, Texas
- #6 – John Olerio, Webster Bank, Southington, Conn.
- #11 – Chad Waddoups, Mountain America Credit Union, Salt Lake City, Utah
- #17 – Mike Zito, Trustmark National Bank, Jackson, Miss.
- #19 – Jeffrey Zimmer, Bankers Bank, Madison, Wis.
- #20 – Leo Iacobelli, ESL Investment Services, Rochester, N.Y.
- #29 – Karen Benedict, Northwest Financial Credit Union, Herndon, Va.
- #30 – Paul Restante, Community Bank, Bradenton, Fla.
“On behalf of LPL, I congratulate the program managers on being recongized for the value they bring to their institutions, advisors and their clients,” said Arthur Osman, LPL Financial executive vice president, Institution Services. “This recognition demonstrates their leadership role and achievement in building a successful wealth management program and their commitment to providing quality services that cater to the unique financial goals of their clients. LPL is proud to be a partner to these leaders and their teams and we look forward to supporting their success for years to come.”
LPL Financial is the nation’s leading provider of third-party investment services to financial institutions, offering insurance and investment services to over 800 banks and credit unions nationwide**. The Institution Services offering provides consulting, back office support, access to technology and resources delivering integrated capabilities and solutions to address the evolving needs of bank and credit union investment programs.
*The team assets number reported by BIC includes advisory and brokerage assets serviced by the advisor team. Team asset numbers were as of 3/31/2018. BIC uses variables that account for size, as well as metrics that capture growth and efficiency to well-rounded professionals, as opposed to those who excel in one area but fall short in others.
** 2017/2018 Kehrer Bielan TPM Survey. Based on Financial Institution Market Share.
LPL Financial, BankInvestmentConsultant, and the listed banks and credit unions are all separate entities.