Top Program Managers by AUM Increase
June 30, 2014 10:10 AM
Top Program Managers by AUM Increase
Our popular Top 20 Program Managers ranks managers based on 5 variables combined into a weighted average. Those variables are: percentage growth in team AUM; 2) percentage increase in team production; 3) number of advisors under the managers direct supervision; 4) number of licensed bank employees under the manager’s direct supervision; and 5) average production per advisor. This year, we also debuted The Next 20, a list of program managers who ranked 21 through 40 our final analysis.
Subsequently, we have taken fresh looks at all 40 program managers (The Top 20 and The Next 20) and listed the top 10 on specific variables. Here, we list those who have increased team assets the most over the past year. Last week, we listed those with the most advisors on their teams. The numbers after their names show where they ranked on our original lists.
Subsequently, we have taken fresh looks at all 40 program managers (The Top 20 and The Next 20) and listed the top 10 on specific variables. Here, we list those who have increased team assets the most over the past year. Last week, we listed those with the most advisors on their teams. The numbers after their names show where they ranked on our original lists.
Top Program Managers by AUM Increase
Chad Waddoups (4)
Bank: Mountain America Credit Union
TPM: LPL Financial
Location: West Jordan, Utah
Team AUM (12/31/2013): $488 million
% Increase in team AUM from previous year: 30.3%
FAs manager oversees (12/31/13): 20
Team production 2013: $6.5 million
Avg. Production per advisor: $324,000
Bank: Mountain America Credit Union
TPM: LPL Financial
Location: West Jordan, Utah
Team AUM (12/31/2013): $488 million
% Increase in team AUM from previous year: 30.3%
FAs manager oversees (12/31/13): 20
Team production 2013: $6.5 million
Avg. Production per advisor: $324,000
Top Program Managers by AUM Increase
Ed Cwalina (6)
Bank National Penn Bank
TPM: Cetera Financial Institutions
Location: Allentown, Penn.
Team AUM (12/31/2013): $229 million
% Increase in team AUM from previous year: 30.7%
FAs manager oversees (12/31/13): 16
Team production 2013: $8.8 million
Avg. Production per advisor: $550,000
Bank National Penn Bank
TPM: Cetera Financial Institutions
Location: Allentown, Penn.
Team AUM (12/31/2013): $229 million
% Increase in team AUM from previous year: 30.7%
FAs manager oversees (12/31/13): 16
Team production 2013: $8.8 million
Avg. Production per advisor: $550,000
Top Program Managers by AUM Increase
Arthur Hornak (21)
Bank: Sun National Bank
TPM: Invest Financial
Location: Freehold, NJ
Team AUM (12/31/13): $332 million
% Increase in team AUM from previous year: 31.4%
FAs manager oversees (12/31/13): 10
Team production 2013: $3.1 million
Avg. Production per advisor: $312,000
Bank: Sun National Bank
TPM: Invest Financial
Location: Freehold, NJ
Team AUM (12/31/13): $332 million
% Increase in team AUM from previous year: 31.4%
FAs manager oversees (12/31/13): 10
Team production 2013: $3.1 million
Avg. Production per advisor: $312,000
Top Program Managers by AUM Increase
Matt Varney (36)
Bank: Bank of Colorado
TPM: Raymond James
Location: Greeley, Colo.
Team AUM (12/31/13): $417 million
% Increase in team AUM from previous year: 31.5%
FAs manager oversees (12/31/13): 8
Team production 2013: $2.8 million
Avg. Production per advisor: $305,000
Bank: Bank of Colorado
TPM: Raymond James
Location: Greeley, Colo.
Team AUM (12/31/13): $417 million
% Increase in team AUM from previous year: 31.5%
FAs manager oversees (12/31/13): 8
Team production 2013: $2.8 million
Avg. Production per advisor: $305,000
Top Program Managers by AUM Increase
Beverly Gaines (5)
Bank: Happy State Bank
TPM: LPL Financial
Location: Amarillo, Texas
Team AUM (12/31/2013): $244 million
% Increase in team AUM from previous year: 32%
FAs manager oversees (12/31/13): 6
Team production 2013: $3.8 million
Avg. Production per advisor: $626,000
Bank: Happy State Bank
TPM: LPL Financial
Location: Amarillo, Texas
Team AUM (12/31/2013): $244 million
% Increase in team AUM from previous year: 32%
FAs manager oversees (12/31/13): 6
Team production 2013: $3.8 million
Avg. Production per advisor: $626,000
Top Program Managers by AUM Increase
John Marx (13)
Bank: Elevations Credit Union
TPM: CUSO Financial
Location: Boulder, Colo.
Team AUM (12/31/2013): $244 million
% Increase in team AUM from previous year: 34%
FAs manager oversees (12/31/13): 5
Team production 2013: $2.4 million
Avg. Production per advisor: $475,000
Bank: Elevations Credit Union
TPM: CUSO Financial
Location: Boulder, Colo.
Team AUM (12/31/2013): $244 million
% Increase in team AUM from previous year: 34%
FAs manager oversees (12/31/13): 5
Team production 2013: $2.4 million
Avg. Production per advisor: $475,000
Top Program Managers by AUM Increase
Mike Haggerty (3)
Bank: Community America Credit Union
TPM: CUSO Financial Services
Location: Lenexa, Kan.
Team AUM (12/31/2013): $490 million
% Increase in team AUM from previous year: 40%
FAs manager oversees (12/31/13): 11
Team production 2013: $5.4 million
Avg. Production per advisor: $490,000
Bank: Community America Credit Union
TPM: CUSO Financial Services
Location: Lenexa, Kan.
Team AUM (12/31/2013): $490 million
% Increase in team AUM from previous year: 40%
FAs manager oversees (12/31/13): 11
Team production 2013: $5.4 million
Avg. Production per advisor: $490,000
Top Program Managers by AUM Increase
Tim Bush (8)
Bank: Bell State Bank & Trust
TPM: Cetera Financial Institution
Location: Fargo, N.D.
Team AUM (12/31/2013): $413 million
% Increase in team AUM from previous year: 42%
FAs manager oversees (12/31/13): 11
Team production 2013: $3.3 million
Avg. Production per advisor: $296,000
Bank: Bell State Bank & Trust
TPM: Cetera Financial Institution
Location: Fargo, N.D.
Team AUM (12/31/2013): $413 million
% Increase in team AUM from previous year: 42%
FAs manager oversees (12/31/13): 11
Team production 2013: $3.3 million
Avg. Production per advisor: $296,000
Top Program Managers by AUM Increase
Agnes Lew (1)
Bank: East West Bank
TPM: Cetera Financial Institutions
Location: Pasadena, Calif.
Team AUM (12/31/2013): $606 million
% Increase in team AUM from previous year: 56%
FAs manager oversees (12/31/13): 28
Team production 2013: $11.4 million
Avg. Production per advisor: $408,000
Bank: East West Bank
TPM: Cetera Financial Institutions
Location: Pasadena, Calif.
Team AUM (12/31/2013): $606 million
% Increase in team AUM from previous year: 56%
FAs manager oversees (12/31/13): 28
Team production 2013: $11.4 million
Avg. Production per advisor: $408,000
Top Program Managers by AUM Increase
Glenn Brodwater (37)
Bank: Investors Bank
TPM: Essex National Securities
Location: Short Hills, NJ
Team AUM (12/31/13):$316 million
% Increase in team AUM from previous year: 73%
FAs manager oversees (12/31/13): 21
Team production 2013: $4.7 million
Avg. Production per advisor: $227,000
Bank: Investors Bank
TPM: Essex National Securities
Location: Short Hills, NJ
Team AUM (12/31/13):$316 million
% Increase in team AUM from previous year: 73%
FAs manager oversees (12/31/13): 21
Team production 2013: $4.7 million
Avg. Production per advisor: $227,000
