Lebanon, TN – Damon Bates, the investment program manager at Wilson Bank & Trust Investment Services in Lebanon, was named one of Bank Investment Consultant magazine’s Top 30 Program Managers of 2020. Bates is affiliated with the Financial Institutions Division of Raymond James Financial Services, Inc., member FINRA/SIPC.
“To be named one of the Top 30 Program Managers in the country is truly an honor,” said Bates. “Our success is largely due to the great team we have built, and their dedication to providing high-quality service to our clients. I want to thank them for all of their contributions that helped make this honor possible.”
Bates is one of nine investment program managers affiliated with Raymond James that made the prestigious list of 30, compiled annually by Bank Investment Consultant. “Being named to the BIC Top 30 Program Managers list is a great achievement, and everyone at Raymond James congratulates Damon,” said Tim Killgoar, senior vice president and head of the firm’s Financial Institutions Division. “Being included on this list is a testament to his hard work and dedication to quality service.”
Bates joined Wilson Bank Investment Services in 2015 as a financial advisor, and was promoted to branch
manager in 2017. Bates currently manages a team of 19 investment professionals, including 11 financial
advisors. His team is ranked in the top 20 branches within the financial institution division of Raymond
James. Assets under management at Wilson Bank Investment Services have grown by more than $300 million since 2017 under Bates’ leadership.
In compiling the list BIC’s Top 30 Program Managers, six variables were combined into a weighted average: (1) total team assets under management; (2) growth of team assets; (3) annual team production (4) growth of team annual production; (5) average production per advisor; and (6) number of full-time advisors the program manager directly supervises. Also, in some cases, estimates of production-per-advisor were used by dividing team production by the average number of advisors year-over-year. 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. BIC is not affiliated with Raymond James.
Securities offered through Raymond James Financial Services, Inc., member FINRA SIPC, and are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Wilson Bank & Trust Investment Services and Wilson Bank & Trust are not registered broker/dealers and are independent of Raymond James Financial Services. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.
Wilson Bank Investment Services (www.wilsonbankinvestments.com), was established in 1993 to bring a hometown community reach to worldwide investment products. Ranked in the top 20 branches within the financial institution division of Raymond James, Wilson Bank Investment Services offers financial, investment and retirement planning tailored to the individual needs of each client. Beyond the client base in local communities, the team services the financial needs of clients residing in 27 states and several countries around the world.
Wilson Bank & Trust (www.wilsonbank.com), member FDIC and an Equal Housing Lender, is a community bank established in 1987 to provide personal and professional service in a hometown setting. One of the top banks in the South in stability, products, technology, growth and earnings, WB&T currently operates 28 full-service offices in nine Middle Tennessee counties, offering a full range of financial products that include secondary market mortgage loans and mobile and online banking services.
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., is a financial services firm supporting more than 4,300 independent financial advisors nationwide. Since 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 leading diversified financial services company with approximately 8,100 financial advisors throughout the United States, Canada and overseas. Total client assets are $774 billion*.
* 03/31/2020. Past performance is not indicative of future results.