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

Industry Spotlight > Broker Dealers

Bank Broker Production Down In January: BISA

Your article was successfully shared with the contacts you provided.

NU Online News Service, March 10, 2005, 2:20 p.m. EST

In January, productivity of brokers in banks averaged $19,836, down from $21,676 in December, according to the Bank Insurance and Securities Association, Wayne, Pa.[@@]

The average productivity of licensed bankers was $1,331, down from $1,419.

Despite the drop, the index of bank broker-dealer revenue increased to 132 from 126 in December due in part to increases in managed money fees and improved performance among midsized banks, which pulled the average bank program revenue up, BISA reports. The index is based on a benchmark of 100 set in 1998.

The monthly survey is conducted by Kenneth Kehrer Associates, Princeton, N.J. and cosponsored by AXA Distributors and Bank of America Securities.


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