Two Cetera Institutions Represented on 2019 Top Program Managers List by Bank Investment Consultant
Cetera is pleased to announce two leaders were recognized as Top Program Managers for 2019 by Bank Investment Consultant, an online media outlet for the wealth management industry. Recognizing top managers of investment services programs at banks and credit unions from across the U.S., the list names the top 30 best-in-class professionals in the country. Congratulations to:
- Alex Sarafianos, Regions Bank, Tampa, FL (affiliated with Cetera Financial Institutions)
- Philip Hurst, Cathay Bank, San Gabriel, CA (affiliated with Cetera Financial Institutions)
Alex Sarafianos of Regions Bank in Tampa, FL, ranked in the top three program managers in the country. With 25 years in the wealth management industry, the SVP and Regional Sales Director of Regions’ Investment Services personally oversees 136 advisors and boasts a team AUM of $3.17 billion as of December 2018.
Philip Hurst, Director of Wealth Management and Premier Banking at Cathay Bank in San Gabriel, CA, ranked among the top 15 program managers. With 32 years in wealth management, Philip oversees 21 advisors and boasts a team AUM of $656.9 million as of December 2018.
See the full listing of featured managers here:
Bank Investment Consultant reported this annual batch of top managers has an average tenure of 24 years in the industry. When surveyed, technology and adaptability to a changing industry were common themes of importance across the group. With the decline of foot traffic in the branches, solutions involved new uses of technology for client engagement.
Bank Investment Consultant used a weighted average of multiple variables to determine the top 30 list. The six criteria include: 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. Number of years in the industry and qualitative background data collected on individuals were not included in awardees’ overall score.
“Cetera Financial Group” refers to the network of independent firms encompassing, among others, Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services (marketed as Cetera Financial Institutions), Cetera Financial Specialists, First Allied Securities and Summit Brokerage Services. All firms are members FINRA/SIPC.
Bank Investment Consultant, a SourceMedia brand, is an information resource for the bank channel within the wealth management industry. News-analysis, insights and data are aimed at helping financial advisers guide their clients, build AUM and their practices.