GLASTONBURY, Conn., Nov. 24, 2014 /PRNewswire/ -- William H.W. Crawford, IV, Chief Executive Officer of United Financial Bancorp, Inc. (NASDAQ: UBNK) and United Bank of Glastonbury, Conn., today proudly announced that United Northeast Financial Advisors, the Bank's foremost 15-member financial advisory team, once again earned a leading national ranking in the latest bank wealth management report highlighted in November by Bank Investment Consultant (BIC).

The report was sponsored by Sorrento Pacific Financial and compiled by Michael White Associates, a research and consulting firm from Pennsylvania. 

Specifically, the report ranks United Northeast Financial Advisory #3 in their top 10 list of high performing bank wealth management programs. The report cites United Northeast's year-over-year increase of 135% in fee income generated in the first half of 2014. United Northeast Financial Advisors moved up a notch to #3 compared to the #4 ranking they earned from a similar report issued earlier this year reflecting the first quarter of 2014.

"I couldn't be prouder of David Yaffee and our team of talented financial advisors when it comes to securing this top 3 national ranking and the progress they've made in such a short time to build this line of business for United. It shows the team's hard work, ability to foster strong client relationships and put them on a path toward financial success as well as our expertise in tailoring and delivering the right products and services to meet clients' needs," said Crawford. "Quarter-over-quarter United Northeast Financial Advisors has become a key and robust line of business for us that continues to exceed all expectations. And unquestionably United Northeast Financial Advisors is an integral part of our vision to build a great bank."

"I want to recognize our entire team for this accomplishment, especially at an important time in United's history as we went through a transformational merger and conversion and changed our name to United Northeast Financial Advisors," said David Yaffee, recently promoted Senior Vice President and Investment & Advisory Services and United Bank Financial Advisor/Infinex Investments, Inc. "Moreover, our success not only hinges on the expertise of our financial advisors and sales assistants, but also the support we get from Bill Crawford, the senior management team and other lines of businesses throughout the Bank. We look forward to building on this success in the years to come."

The Sorrento Pacific-Michael White Bank Wealth Management Report is based on data from all 6,656 commercial banks, savings banks and saving associations – or thrifts – and over 1,000 large top-tier bank holding companies operating as of the end of the third quarter of 2014. According to the report and ranking published by BIC, bank and thrift companies generated record revenue of $71.2 billion (up 6.2% year-over-year) from their respective wealth management programs in the first half of 2014. Only two other banks' wealth management programs scored higher than United, one from Texas and the other from Florida.

To see the entire top 10 list, go to www.bankinvestmentconsultant.com. For more information on United Bank and United Northeast Financial Advisors, please visit www.bankatunited.com and click on "Investing".

Investment and insurance products provided by United Northeast Financial Advisors are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. United Northeast Financial Advisors is a trade name of the bank. Infinex and the bank are not affiliated. 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 or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.

About United Bank and United Northeast Financial Advisors:

On April 30, 2014, United Bank (established in 1882) and Rockville Bank (established 1858) completed a transformational merger of equals by bringing together two financially strong, independent-minded institutions to create the premier community bank in New England with more than 50 branches in two states and over $5.0 billion in assets.  At this time, Rockville Financial Services, Inc. was renamed United Northeast Financial Advisors. The new United Bank is a state chartered bank headquartered in Glastonbury Conn. and serves markets in Connecticut and Massachusetts. For more information on United Bank, please visit www.bankatunited.com.

About Infinex:

Infinex focuses on serving the investment, insurance, and wealth management needs of financial institutions.  Currently, Infinex supports over 160 community based 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. Financial institutions or advisors interested in learning more about Infinex can contact the Business Development Team at 1-800-218-2827 or visit www.infinexgroup.com.

Contact:
Adam Jeamel
Vice President, Corporate Communications
United Bank
(860) 291-3765 ajeamel@bankatunited.com

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SOURCE United Bank