Categorized | BancorpSouth, Banking & Finance, Business news, National, Northeast Mississippi, Tupelo

BancorpSouth Investment Services picks third-party broker-dealer

BancorpSouth Investment Services has outsourced its program to third-party broker-dealer Infinex Financial Group.

BancorpSouth’s investment program is about 15 years old and currently employs 14 advisers. At the end of 2012, it had $2.1 billion in assets under management, according to Infinex.BXSLogoHorizontalColor

“We look forward to working with Infinex and the ability to provide enhanced technology, new tools and resources for our advisors, agents and clients,” Thomas Howard, president and CEO of BancorpSouth Investment Services, and managing director of Bancorp Insurance Services, said in a statement. “Their products, support, and services will allow us to expand our presence and pursue more opportunities.”

BancorpSouth is the parent company of BancorpSouth Bank, which operates 292 commercial banking, mortgage, insurance, trust and broker-dealer locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in Illinois. The company has $13.2 billion in assets.

From Infinex:

Infinex is celebrating its 20th anniversary as an independent broker dealer focused on serving the investment, insurance, and wealth management needs of financial institutions. Infinex supports over 200 financial institutions and more than 450 advisors. The firm, headquartered in Meriden, CT and Glen Allen, VA has a unique history of being formed by banks, owned by banks, and focused on providing service to financial institutions.

Stephen P. Amarante, President & Chief Executive Officer of Infinex stated: “We are very excited that BancorpSouth has selected Infinex as their broker dealer partner. Our focus on financial institutions, recent technology enhancements, and support models for advisers and licensed bankers will be invaluable to BancorpSouth as they continue to serve their clients’ investment, insurance, and wealth management needs.

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