Trustmark's program has grown about 40% since Zito took the reins in 2006-a time with no shortage of turbulence in the market. His goal is to remain focused on recruiting, he says, to keep the team performing at a high level. He believes that the right advisors are self-motivated and just need guidance, which is why he keeps an open door and doesn't micro-manage.
Bank/TPM: Trustmark Wealth Management/LPL Financial
Location: Jackson, Miss.
No. of reps managed: 13
Avg. production per rep: $496,737
Total production 2011 (projected): $7.8m
Total production 2010: $7.4m
AUM 2011: $1.2b
AUM 2010: $1.2b
Years at the bank: 8
Years in the industry: 22
Age of program: 19
Total number of branches: 170
Product mix: Fixed income 30%; mutual funds 27%; managed accounts 13%; VAs 13%; FAs 6%; equities 9%; REITs 1%; life insurance 1%
Do you decide what products are on the shelf? No
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