MERIDEN, Conn., Aug. 20, 2019 /PRNewswire-PRWeb/ -- Infinex Financial Group (Infinex), a leading third-party marketing firm and independent broker/dealer, announced the signing of three new financial institutions that were previously with the recently sold Broker Dealer Financial Services (BDFS). The new programs include First Security Bank & Trust located in Charles City, IA; Fowler State Bank located in Fowler, Ind.; and Peoples Bank located in Rock Valley, IA. Combined, these programs have more than $200 million in total assets and 7 financial advisors.
When asked about his decision to join Infinex, Dave Jarvill, Program Manager for First Security Bank & Trust, said, "We took our time and completed a very thorough due diligence process with quite a few broker/dealer options. Infinex stood out from the beginning as they are the only broker/dealer we found that is fully committed to the financial institution channel. They truly understand how we operate and exactly what we need to thrive. Other broker/dealers appeared to be more focused on their independent channel."
Mike McAlpine, President of Peoples Bank Wealth Management Group, had a similar sentiment and stated, "A broker/dealer that understands the unique challenges community banks face and that has turn-key solutions was very important to us. While we were forced into making a change, we spent a lot of time ensuring that the partner we ultimately selected would be an ideal cultural fit for our bank and for our program. Infinex understood our needs and spoke our language. We're very happy with our choice."
Stephen P. Amarante, Infinex's President and Chief Executive Officer, is thrilled that all three banks opted to make the move to Infinex and said, "The addition of these programs showcases Infinex's commitment to the financial institution channel and our ability to help them serve their clients. We are pleased to know that our culture and service first attitude resonates in the space. We look forward to collaborating with each program individually and to helping them achieve their goals."
Scott Davis, Infinex's Executive Vice President and Chief Relationship Officer attributed the new relationships to Infinex's focus on service and growth. He added, "Financial institutions are searching for a broker/dealer that can provide the tools, support and strategy to help their advisors succeed in a very challenging marketplace. They want and need the type of personal attention that Infinex can deliver."
Anne Molter, Senior Trust Officer & Vice President of Fowler State Bank, commented, "We were referred to Infinex and were happy to learn that they are owned by a large group of community banks and state banking associations. That really hit home for us. Their expertise in the space and their ability to help us move our program forward gave us a lot of comfort."
Financial institutions or advisors interested in learning more about Infinex can contact the Business Development Team at 1-800-218-2827 or visit http://www.infinexgroup.com.
About Infinex Financial Group
In 2018, Infinex celebrated its 25th anniversary as an independent broker/dealer focused on serving the investment, insurance and wealth management needs of financial institutions. Currently, Infinex supports over 220 community-based programs and more than 650 advisors. The firm, headquartered in Meriden, Conn., with offices in Napa, Calif., and Midlothian, Va., has a unique history of being formed by financial institutions, owned by financial institutions and focused on providing service to financial institutions. To learn more about Infinex Financial Group, visit http://www.infinexgroup.com.
About First Security Bank & Trust
First Security Bank & Trust Company (Charles City, IA), a community bank, provides financial services for individuals, families, and businesses throughout the North Central Iowa region. To learn more about First Security Bank & Trust, visit https://www.1stsecuritybank.com/.
About Fowler State Bank
Fowler State Bank of Fowler, Ind., is a local community bank leading the way in industry standards with staff members who live in the communities where our customers truly come first. They are a full-service institution, with local roots, and take pride in what they do. For more information about Fowler State Bank, visit https://www.fowlerstatebank.com/home.
About People Bank
Peoples Bank of Rock Valley, IA has served individuals and businesses since 1945. They are passionate about financial services & have build a bank "Where Values Matter!" For more information about Peoples Bank, visit https://www.peoples-ebank.com/.
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of principal.
SOURCE Infinex Financial Group
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