Updated Thursday, October 2, 2014 as of 12:26 AM ET
Ranking the TPMs by Number of Advisors
Most banks and credit unions outsource their investment services programs to third-party broker dealers, also known as third-party marketers or TPMs. Here's how the largest TPMs stack up by the number of advisors they employ and/or manage.
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Most banks and credit unions outsource their investment services programs to third-party broker dealers, also known as third-party marketers or TPMs. Here's how the largest TPMs stack up by revenue. more »
Credit unions generated more revenue from investment sales based on deposits than did banks large enough to own their broker dealer. more »
Third-party broker-dealers increased the number of advisors they deploy by 1.5% and upped the number of financial institutions they serve by 2.6%. more »
The broker-dealer was censured and fined for selling unsuitable exchange-traded funds to customers. more »
Only 40 banks have their own brokerage units, a mere 2% of the 1,809 banks that offer investment services. more »
DataPak will enable financial institutions to infuse customer data from their wealth management or brokerage operations into their core systems. more »
The new relationship will allow the Huntsville, Ala.-based credit union to expand its current investment services program. more »
Bank Investment Consultant is compiling its ranking of the best program managers in the bank channel. Be sure to get your nominations in. more »
“We’re not maniacally focused on how many advisors we have affiliated with the firm,” says Scott Curtis, president of Raymond James Financial Services. more »
Advisors in the field, or those who cover multiple bank branches, will be able to electronically transport clients’ documents in an easier format. more »
The U.S. is in the midst of an economic revolution akin to the Industrial Revolution of the late 1700s and early 1800s, says Raymond James strategist. more »
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