TPMs ranked by revenue
Most banks and credit unions outsource their investment services programs to third-party broker dealers, inexplicably dubbed third-party marketers. The TPMs are unseen, at least by the clients, yet a critical part of the process; in many ways, they are the backbone of the bank channel.
Bank Investment Consultant published a special report on the TPMs recently, but we were not able to use all the data we had available to us from Kehrer Bielan Research & Consulting.
Scroll through to see a new ranking of the firms based on bank channel revenue over the past two years, as well as the share of overall revenue for each one. (Essex is not listed because it was acquired by Infinex in 2015.)