IAB Financial Bank has selected Cetera Financial Institutions as its new broker-dealer, Cetera announced today.
Under the agreement, Cetera will provide the Fort Wayne, Ind.-based community bank with wealth management services, solutions and support.
IAB Financial Banks wealth management program is 20 years old, has $225 million in assets under management and employs four advisors. The program was previously with third-party marketing firm ICA.
We were looking for a broker-dealer that deals primarily with banks and financial institutions, Joseph Byers, the programs 10-year manager, said in a telephone interview. Byers also noted that Cetera would provide the program with more focused advertising and marketing support.
IAB Financial Bank has nearly $1 billion in assets and serves more than 25,000 customers from 17 branch offices throughout northeast Indiana.
Were excited to help Joseph and his team develop a successful new program, Ceteras president and CEO Catherine Bonneau said in a statement. Creating the right cultural fit is extremely important in the financial institution channel and well bring that tailored fit to iAB.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access