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January 16, 2004 at 07:00 PM
NU Online News Service, Jan. 16, 2004, 12:18 p.m. EST – Strong sales and the stock market rebound drove up fourth-quarter results at the wealth advisory services unit at Wilmington Trust Corp., Wilmington, Del.[@@]
A 27% increase in wealth advisory sales helped increase wealth advisory fee income to $38.2 million for the fourth quarter of 2003, up 16.8% from the total for the fourth quarter of 2002.
“Most of the increase resulted from strong sales activity with new as well as existing clients,” Wilmington Trust says in a comment on the results.
Sales growth was particularly strong in New York, Pennsylvania and Florida, the company says.
