Bank Investment Consultant and New York Life/MainStay Investments honored 2010’s Top Program Managers with an award ceremony at Bobby Van’s Steakhouse, a restaurant built into J.P. Morgan’s old bank vault in New York’s Financial District.

The Top 20 Program Managers beat out a slew of tough competitors to win their position’s in this year’s ranking. Winning program managers’ programs have the highest average production per advisor. For comparison, consider that Kehrer-LIMRA’s estimate for average production for 2009 is $200,000 per advisor; reps in our Top 20 Program Manager’s operations produced $526,475 on average.

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