May 22, 2014 - Stephen Kruchten, the investment program manager at Bremer Investment Services in St. Paul, Minn., affiliated with the Financial Institutions Division of Raymond James Financial Services, Inc. (member FINRA/SIPC), was named one of Bank Investment Consultant magazine’s Top 20 Program Managers of 2014.
“It’s an honor to be named one of the Top 20 Program Managers in the country,” said Kruchten. “Our success is largely due to the great team we have built. They are truly committed to providing quality service to our clients, and I want to thank them for all of their hard work.”
Kruchten is one of four investment program managers affiliated with Raymond James that made the prestigious list of 20, compiled annually by Bank Investment Consultant. (Two other investment program managers received Honorable Mentions.) Factors considered in this year’s ranking were growth in team annual production, growth in team assets, average production per advisor, number of advisors under the managers’ direct supervision, and number of licensed branch employees under supervision.
“I’m excited to see program managers affiliated with Raymond James recognized once again by the prestigious Top 20 Program Managers ranking,” said John Houston, managing director of the Financial Institutions Division. “Kruchten’s inclusion on this list is an impressive achievement, and a testament to his dedication and success. I’m pleased to congratulate him on behalf of everyone at Raymond James.”
Bremer Bank is located at 2100 Bremer Tower, 445 Minnesota Street, St. Paul, Minn.Bremer Financial Corporation
Bremer Financial Corporation is a privately held, $11 billion regional financial services company jointly owned by the Otto Bremer Trust and Bremer employees. Founded in 1943 by Otto Bremer, the company is headquartered in St. Paul, Minnesota and provides a comprehensive range of banking, wealth management, investment, trust and insurance products and services throughout Minnesota, North Dakota and Wisconsin. Clients include individuals and families, mid-sized corporations, small businesses, agribusinesses, nonprofits, and public and government entities.About the Financial Institutions Division
The Financial Institutions Division was established by Raymond James in 1987 to provide banks and credit unions with brokerage services as an alternative to traditional third-party investment providers. Raymond James provides full-service securities brokerage and advisory services to financial institutions seeking to successfully compete with the largest banks and securities firms in the country. In addition to a full complement of investment products and services, Raymond James has the ability to deliver investment banking, public finance, research, self-clearing capabilities and wealth management services to both individuals and institutions. Raymond James Financial Services, Inc., member FINRA/SIPC.Raymond James Financial Services
Raymond James Financial Services, Inc. is a financial services firm supporting more than 3,200 independent financial advisors nationwide. Beginning in 1974, Raymond James Financial Services Inc., member FINRA/SIPC, has provided a wide range of investment and wealth planning related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), a financial services holding company with approximately 6,200 affiliated financial advisors serving in excess of 2.5 million individual, family and corporate accounts throughout the United States, Canada and overseas. In addition, total client assets are approximately $458 billion.