BUFFALO, N.Y., May 8, 2014 (GLOBE NEWSWIRE) -- First Niagara Investment Services Managing Director Larry Orsini was recognized as a Top 20 Program Manager by Bank Investment Consultant (BIC), a leading financial services industry magazine. Only a select group of bank and credit union investment program managers were recipients of this prestigious recognition. The list recognizes the managers of the most productive bank and credit union-based advisors. The ranking is based upon five main factors, including average production per advisor, percentage growth of team assets from the previous year, percentage growth of team production from the previous year, the number of advisors under the manager's direct supervision and the number of licensed branch employees under the supervision of the program manager.
"I am humbled and deeply honored with this recognition," said Orsini. "At First Niagara we are totally committed to helping our clients pursue their financial goals. And we look forward to continuing to provide the objective, unbiased advice and outstanding service that our clients expect."
"We love the investments line of business at First Niagara because we are helping customers plan for their futures," said First Niagara Managing Director Retail Channels, Scott Fisher. "We are very proud of our team of investment professionals that Larry has assembled and so capably leads."
The investment program at First Niagara is associated with LPL Financial Institution Services program. LPL Financial LLC is the nation's largest independent broker-dealer, an RIA custodian, and a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq:LPLA).
"We enthusiastically congratulate Larry Orsini on this prestigious industry recognition," said Andy Kalbaugh, managing director and head of Institution Services for LPL Financial. "Larry's commitment to excellence, combined with an unwavering focus on client service has distinguished him as a true leader in our industry. We are proud to work as an empowering partner to the investment program at First Niagara, and to support Larry's ongoing success."
The full BIC Top 20 Program Managers list can be found online at BIC Top 20.
About First Niagara
First Niagara, through its wholly owned subsidiary, First Niagara Bank, N.A., is a multi-state community-oriented bank with approximately 410 branches, $38 billion in assets, $28 billion in deposits, and approximately 5,800 employees providing financial services to individuals, families and businesses across New York, Pennsylvania, Connecticut and Massachusetts. For more information, visit www.firstniagara.com.
Securities and insurance are offered through LPL Financial, Member FINRA/SIPC, and its licensed affiliates. First Niagara Bank, N.A. and First Niagara Investment Services are not registered broker/dealers, nor are they affiliated with LPL Financial. First Niagara Investment Services, a wholly owned subsidiary of First Niagara Bank, N.A., is the delivery and distribution channel for investment and insurance products and services for First Niagara Bank, N.A.