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May 18, 2018

Seven Raymond James-affiliated Program Managers Named Top in the Nation

ST. PETERSBURG, Fla. – Seven program managers affiliated with Raymond James Financial Institutions Division were recently named among the top in the nation in Bank Investment Consultant’s (BIC) list of the Top 25 Program Managers. This year’s list includes many multiple-year honorees, including this year’s number one ranked program manager Gary Collier of Pinnacle Bank in Nashville, Tennessee.

The Raymond James–affiliated investment program managers honored in this annual list are:

No. 1 – Gary Collier of Pinnacle Bank in Nashville, Tennessee

No. 4 – Ken Wren Jr. of TowneBank in Suffolk, Virginia

No. 8 – Scott Jenner of First Tech Federal Credit Union (Addison Avenue Investment Services) in Rocklin, California

No. 10 – Michael George of Fulton Bank in Lancaster, Pennsylvania

No. 11 – Dave Renko of Woodforest National Bank in The Woodlands, Texas

No. 13 – Steve Kruchten of Bremer Bank in Saint Paul, Minnesota

No. 18 – Jill Honeycomb of Liberty Bank in Middletown, Connecticut

“I’m proud to congratulate the seven outstanding program managers who were recognized by BIC this year,” said Tim Killgoar, senior vice president and head of Raymond James Financial Institutions Division. “This recognition is awarded to some of the very best in the industry, and we are honored to be affiliated with these exceptional program managers.”

To determine the Top 25 Program Managers, Bank Investment Consultant ranked program managers on several criteria, including the number of advisors they oversee, team assets under management, percentage growth in team production and production per advisor.

About Raymond James Financial Services
Raymond James Financial Services, Inc. is a financial services firm supporting more than 4,200 independent financial advisors nationwide. Since 1974, Raymond James Financial Services Inc., member FINRA/SIPC, has provided a wide range of investment and wealth planning related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF) a leading diversified financial services company with approximately 7,600 financial advisors in 3,000 locations throughout the United States, Canada and overseas. Total client assets are $730 billion.

About the Financial Institutions Division 
The Financial Institutions Division was established by Raymond James in 1987 to provide banks and credit unions with an alternative to traditional third-party investment providers. Raymond James provides full-service securities brokerage and advisory services to financial institutions seeking to compete with the largest banks and securities firms in the country. In addition to a full complement of investment products and services, Raymond James has the ability to deliver investment banking, public finance, research, self-clearing capabilities and wealth management services to both individuals and institutions.

To compile the list, multiple variables were used and combined into a weighted average. Specifically, six factors were used: the number of advisors they oversee, team assets under management, annual team production, percentage growth in AUM, percentage growth in production and production-per-advisor. (Bank Investment Consultant (“BIC”) calculated their own estimates for production-per-advisor based on other numbers submitted in their nomination process.)The ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of advisor's future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. BIC is not affiliated with Raymond James.

Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC.  Securities are not insured by any financial institution insurance, the FDIC/NCUA or any other government agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. The Bank and the Investment Center are not registered broker/dealers and are independent of Raymond James Financial Services.