Slideshow Top Program Managers by AUM Increase

Published
  • June 30 2014, 10:10am EDT

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.

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

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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

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

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

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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

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

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

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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

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

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