Nick LaPuma Ranked #1 in 2022 Kehrer Bielan Top Directors Awards
November 09, 2022
Nick LaPuma, President of Corning Credit Union Wealth Strategies, ranked #1 in Kehrer Bielan’s 2022 Top Directors Awards list for credit unions. Kehrer Bielan, a research and consulting firm, utilizes more than 50 metrics – including revenue, productivity and year-over-year growth measures – to recognize outstanding performance among providers of investment services in financial institutions.
LaPuma, who joined Raymond James in 2007, has more than 15 years of experience in financial services. He is an Accredited Asset Management Specialist.
To reach LaPuma or the advisors at Corning Credit Union Wealth Strategies, more information can be found at www.raymondjames.com/ccu/ or by calling 607.937.5292.
About Kehrer Bielan Top Directors Awards (2022)
The 2022 Kehrer Bielan Top Directors in Credit Union Award was released on 10/4/2022 and is based on data from 2021. Kehrer Bielan considered 177 nominees in the credit union affiliated category, and from those selected 5 winners who best exemplified distinguished efforts in driving growth to the financial institutions they support. The metrics used to determine the winners include the extent to which the practice is growing the business while producing sufficient revenue relative to its opportunity. The metrics also include whether the practice is achieving the objectives of producing more advisory and insurance business, reducing the number of clients served by each advisor and the size of branch territories and increasing revenue per client and the ROA (Return on Assets). Other criteria includes: Revenue penetration of deposits - revenue per million of FDIC core deposits or NCUA share deposits, Year-over-year growth in revenue - 2020 revenue divided by 2019 revenue, Advisor revenue productivity - gross revenue per advisor, Advisor asset productivity - assets per advisor, Advisory revenue per advisor, Life insurance revenue per advisor, Clients per advisor, Revenue per client, Investment assets per client, Asset productivity- revenue on assets and Advisor coverage - deposits per advisor. The ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of advisor's future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Kehrer Bielan Research & Consulting is not affiliated with Raymond James.
About Raymond James Financial Services
As of 2/22/2022. Raymond James Financial, Inc., (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations, and municipalities. The company has approximately 8,700+ financial advisors throughout the United States, Canada and overseas. Total client assets are $1.26 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at raymondjames.com.
About the Financial Institutions Division
The Financial Institutions Division was established by Raymond James in 1987 to provide banks and credit unions with an alternative to traditional third-party investment providers. Raymond James provides full-service securities brokerage and advisory services to financial institutions seeking to 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. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, and are not insured by any financial institution insurance, the FDIC/NCUA or any other government agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. The financial institution and the investment center are not registered broker/dealers and are independent of Raymond James Financial Services. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.