Media Contact:
Anthea Penrose
May 9, 2016

Six Raymond James-affiliated program managers named among top in the nation

ST. PETERSBURG, Fla. Six program managers affiliated with the Raymond James Financial Institutions Division were recently named among the top in the nation by Bank Investment Consultant magazine. They were named to the publication’s prestigious annual list of the Top 20 Program Managers. They are all multiple-year honorees.

The Raymond Jamesaffiliated investment program managers honored in this annual list are:

Top 20
No. 4 – Steve Kruchten, Bremer Bank, St. Louis Park, MN
No. 6 – Ken Wren, Jr., TowneBank, Suffolk, VA
No. 10 – Gary Collier, Pinnacle Bank, Nashville, TN
No. 12 – Scott Jenner, Addison Avenue Investment Services, Rocklin, CA
No. 15 – Denise Togger, Union Investment Services, Henrico, VA
No. 19 – Michael George, Fulton Financial Advisors, Lancaster, PA

“We are honored to be affiliated with these exceptional program managers,” said John W. Houston, managing director of the firm’s Financial Institutions Division. “This recognition is awarded to some of the very best in the industry. We are proud of the fact that Raymond James had more honorees than any other firm, and we congratulate our long-standing partners on being named, once again, to this esteemed list.”

To determine the Top 20 Program Managers, Bank Investment Consultant combined multiple variables into a weighted average. Specifically, the publication used six factors: the number of advisors the program manager oversees, total team assets under management, total team production, percentage growth in team AUM, percentage growth in team production and average production per advisor.

About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Its subsidiaries have approximately 6,700 financial advisors serving in excess of 2.8 million client accounts in more than 2,700 locations throughout the United States, Canada and overseas. Total client assets are approximately $514 billion. Public since 1983, the firm has been listed on the New York Stock Exchange since 1986 under the symbol RJF. Additional information is available at

About the Financial Institutions Division of Raymond James Financial Services
The Financial Institutions Division was established by Raymond James in 1987 to provide banks and credit unions with brokerage services as 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. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value. Raymond James, the financial institutions and investment centers are independent entities.