Webster Bank SVP named among the nation’s top 30 investment program managers

Published on

 

WATERBURY, Conn., June 22, 2020Webster Bank is pleased to announce that John Olerio, senior vice president and director of Webster Investments, was recently recognized as one of the Top 30 Program Managers in the country by Bank Investment Consultant (BIC), a leading information source for bank and credit union financial advisors.

According to BIC, the list recognizes investment program managers located in banks and credit unions based on several qualifying criteria, including the number of advisors they oversee, team assets under management*, percentage growth in team production, and production per advisor.

Olerio, who is based in Southington, Connecticut, has now appeared among the list’s Top 30 managers for nine consecutive years. Olerio served as national sales manager for Webster Investments before being named director in 2015. He currently leads a team of 53 financial consultants who provide comprehensive financial planning to individuals, families and business owners.

“This recognition represents the quality of our team, and their commitment to providing objective financial advice and guidance that helps our clients work toward their financial goals,” Olerio said. “I am proud to lead a dedicated team of professionals who put each client at the center of the work we do.” 

“On behalf of LPL, I congratulate John Olerio on being recognized for his leadership and management of the investment program located at Webster Bank,” said Arthur Osman, LPL Financial executive vice president, Institution Services. “It takes vision, support from the institution and partners, and commitment from a talented team to be able to lead a program to these heights. We applaud John and his team for the work they do, and we look forward to supporting their continued success.”

***

About Webster

Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $31.7 billion in assets, Webster provides business and consumer bankingmortgagefinancial planningtrust, and investment services through 157 banking centers and 308 ATMs. Webster also provides mobile and online banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

About LPL Financial

LPL Financial (https://www.lpl.com) is a leader in the retail financial-advice market and the nation’s largest independent broker-dealer**. We serve independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning, and asset-management solutions.

*The team assets under management numbers reported by BIC include advisory and brokerage assets serviced by the advisor team. Asset numbers reported were as of 01/1/2020.

**Based on total revenues, Financial Planning magazine June 1996-2019.

You may also like

article

Mortgage shopping tips

If you're shopping for a mortgage, we'd love to help. Here are some tips we've compiled to get you started:

1. Know the difference between a mortgage lender (like Webster) and a mortgage broker

Mortgage brokers do not lend money;…

article

10 financial fitness tips for home buyers in 2020

You may be looking forward to a new home purchase or refinancing your existing mortgage. So being financially fit is more important than ever. Consider this a personal training session, with tips to help you put your best foot forward when approaching…

article

Should you refinance your mortgage?

The Mortgage industry is still experiencing a historically low rate environment even though we are in constantly changing economic times. If you are thinking about refinancing, there are some factors to take into consideration:

What…