We are excited to announce the launch of the "Annual Industry Checkup" by the Kehrer Group. Terrapin is once again a proud sponsor of this vital annual report. Kehrer Group's annual review of investment services in banks and credit unions covers 1,419 institutions managing 6,018 advisors. The report is helpful for executives to evaluate their businesses against peers, product and service providers to track trends, and financial institutions to assess their prospects for entering the business.

Here is a sampling of insights revealed in the report:
  • Investment services revenue growth in financial institutions slowed in 2022 but remained positive, with revenue increasing 3.5% in the typical financial institution.
  • Investment assets managed by financial institutions decreased 1.5% during 2022, but financial advisors were able to maintain the level of production achieved in the prior year – a period of more favorable market conditions. 
  • The number of advisors working in financial institutions has remained flat, but advisor headcount increased 2.8% in financial institutions offering investment services, particularly in bank broker-dealers.

Since 2012, the Annual Industry Checkup has provided year-over-year and long-term trends in the number and nature of banks and credit unions selling investments, advisor headcount, productivity, and their implication for the coming year.