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

BISA Reports Lower Bank Broker Productivity

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

NU Online News Service, Sept. 20, 2004, 4:22 p.m. EDT

Bank-based brokers are reporting a 21% drop in productivity for July.[@@]

Brokers who work in banks watched their average production fall to $19,150 that month, from $24,114 in July 2003, according to the Bank Insurance & Securities Association, Wayne, Pa.

The productivity of licensed bankers fell to $1,636 in July, from $1,782 in the comparable month in 2003.

Despite the drops in banker and broker production, another indicator, BISA’s bank broker-dealer revenue index, increased to 136, up from 126. BISA set the index base at 100 in 1998.

The BISA productivity report is compiled by Kenneth Kehrer Associates, Princeton, N.J. AXA Distributors L.L.C., New York, sponsors the report, and a unit of Bank of America Corp., Charlotte, N.C., serves as the co-sponsor.


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.