Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Industry Spotlight > Broker Dealers

Bank Securities Sales Productivity Increases

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Mar. 8, 11:45 a.m. –Bank investment sales broke out of the doldrums in January, according to the Bank Securities Association, Wayne, Pa.

Bank broker productivity increased to $24,304 in January , up 28% from the the December 2001 productivity level, and productivity of licensed bankers increased 40%, to $3,912.

BSA’s Index of Bank Broker/Dealer Revenue rose to 127, from 111.

BSA bases the index on a benchmark figure of 100 for 1998, when broker sales averaged $22,795 and licensed bankers averaged $1,201.

The association has not released figures comparing January 2002 results with January 2001 results, but a report on its Web site shows that bank products averaged $23, 316 in sales per month during the first quarter of 2001, while licensed bankers averaged $1,898 in sales per month.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.