Announcing: Terrapin Technologies Sponsors Kehrer Group’s 2023 Annual Industry Checkup.

Minneapolis, M.N. – May 4, 2023:  Terrapin Technologies today announced the launch of the 2023 Annual Industry Checkup by the Kehrer Group. Terrapin is once again a proud sponsor of this vital annual report. Kehrer Group’s annual review of investment services in banks and credit unions covers 1,419 institutions managing 6,018 advisors. The report is helpful for executives to evaluate their businesses against peers, product and service providers to track trends, and financial institutions to assess their prospects for entering the business.

Here is a sampling of insights revealed in the report:

  • Investment services revenue growth in financial institutions slowed in 2022 but remained positive, with revenue increasing 3.5% in the typical financial institution.
  • Investment assets managed by financial institutions decreased 1.5% during 2022, but financial advisors were able to maintain the level of production achieved in the prior year – a period of more favorable market conditions.
  • The number of advisors working in financial institutions has remained flat, but advisor headcount increased 2.8% in financial institutions offering investment services, particularly in bank broker-dealers.

“Kehrer Group’s research plays an essential role in helping business leaders stay abreast of industry trends, which is why we are proud to sponsor the Annual Industry Checkup,” said Kristefor Lysne, President of Terrapin Technologies. “Every year the Checkup cuts through the noise and isolates the trends that matter, giving leaders the requisite knowledge for nimble decision-making and building effective strategic plans.”

Since 2012, the Annual Industry Checkup has provided year-over-year and long-term trends in the number and nature of banks and credit unions selling investments, advisor headcount, productivity, and their implication for the coming year.

Download the report today.


About Terrapin Technologies

Terrapin Technologies provides data and business automation solutions to wealth management firms. Our platform automates and improves business processes across the organization, including compensation, compliance, and reporting. Since 1995, our expertise and technology solutions have helped our customers realize scalable and predictable growth. We help firms see the big picture, increase profits, and reduce risk. Learn more at


About Kehrer Group

Kehrer Group is the financial advice community’s trusted partner for original thought leadership, insight based in data, and strategies that drive success. Kehrer Group’s legacy of research and analysis has advanced the delivery of investment services in banks and credit unions and shaped the industry into what it is today. Kehrer Group’s principals meld the wisdom gained from its long history in the industry with cutting-edge analytics, data that is robust and diverse, and a deep understanding of the key drivers of performance. Together with our clients and partners, Kehrer Group moves the industry forward. Learn more at our website