In 2004, TowneBank hired the father-and-son team of Ken Wren Sr. and Jr. to operate the investment program. Since then, the younger Wren has not only maintained and grown his own practice, but also has successfully developed his branch, composed of a blend of traditional and fee-based advisors.
Bank: TowneBank
TPM: Raymond James
Location: Suffolk, Va.
FAs manager oversees (12/31/12): 9
LBEs manager oversees (12/31/12): 0
Team production 2012: $5.2 million
Team production 2011: $4.5 million
Team AUM (12/2012): $901 million
Team AUM (12/2011): $771 million
Avg. production per rep: $577,000
Years at bank: 9
Years in industry: 19
Age of program: 9 years
Sample of products: Fee-based accounts, Mutual funds, Annuities
Do you decide what products are on the shelf? No
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