7 Ways to Improve Your Bank's Investment Program
by Kayan Lim
When hearing about investment programs it would seem like banks are doing well. We hear large numbers associated with assets under management, gross revenues, assets per advisor etc. The truth is however, that after TPMs and advisors get their share of the profit, the net income to the bank is really not that much. Bank investment programs require a high amount of resources, and also do little to further the banks bottom line. At the moment, many existing programs in the industry operate well below their income potential.
In his article,
Reevaluating Banks Investment Programs, John Brunett, Chief Trust and Investment Officer at Los Alamos National Bank, proposes seven ideas to help assist bank managers, investment program directors, and bank investment consultants to improve and streamline their programs to achieve a higher bottom line.