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Article: FCI, Now in Conn., Ups Small-Bank Ante.(Wealth Management)(Financial Counselors Inc.)
- Article from:
- American Banker
- Article date:
- August 3, 2009
- Author:
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Steve Garmhausen
A firm that manages assets for community bank trust departments is gearing up for what its executives call a big growth opportunity with smaller banks.
In June the trust investment services unit of Financial Counselors Inc. of Kansas City, Mo., opened an office in Shelton, Conn. The company staffed the office, its first in Connecticut, with a team of senior-level professionals it hired from a rival, Wright Investors' Services of Milford, Conn.
"We think there is a great opportunity in community bank trust departments for growth, and for them to gain market share," said Robert Hunter, the president and chief executive of ...