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Banks and credit unions that TPMs snagged
The number of banks and credit unions associated with TPMs has been flat for the past three years, hovering in the neighborhood of 2,830, according to data from Kehrer Bielan Research and Consulting.

While the number has been static, the financial institutions themselves have not. They move.

So far this year, at least 11 banks and credit unions switched their investment services programs to new third-party broker dealers, based on announcements from TPM firms. One enlisted the services of a TPM for the first time to launch its program. All 12 institutions are listed here.