BancorpSouth has outsourced its investment services program to third-party marketer Infinex Financial Group.
The Tupelo, Miss.-based financial holding company was attracted to Infinexs technology capabilities and support model for advisors and licensed bankers, the third-party marketer announced Friday.
BancorpSouths investment program is about 15 years old and currently employs 14 advisors. At the end of 2012, it had $2.1 billion in assets under management, according to Infinex.
We look forward to working with Infinex and the ability to provide enhanced technology, new tools and resources for our advisors, agents and clients, Thomas Howard, president and CEO of BancorpSouth Investment Services, and managing director of Bancorp Insurance Services, said in a statement.
BancorpSouth is the parent company of BancorpSouth Bank, which operates 292 commercial banking, mortgage, insurance, trust and broker-dealer locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in Illinois.