05.04.25

Industry Checkup Identifies Opportunities for Bank Wealth Management Firms

by: Kehrer Group

Kehrer Group's 2024/2025 Annual Industry Checkup, sponsored by Terrapin Technologies and Financial Resources Group, covers 2,343 of the banks and credit unions that provide investment services, which collectively manage 8,892 advisors. Data is key in today's business environment, according to Kristefor Lysne, president of Terrapin Technologies. Using data automation to align advisor performance with key institutional objectives, such as deepening client relationships and boosting advisory fee revenue, enables investment units to clearly illustrate their impact on revenue and retention, Lysne noted.

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