Close Close

Life Health > Life Insurance

Small Bank Brokerage Sales Swell

Your article was successfully shared with the contacts you provided.

Community bank brokerage revenue was 11% higher in November 2005 than it was in November 2004.

Kenneth Kehrer Associates, Princeton, N.J., says the increase pushed its community bank brokerage revenue index to 123, up from 111 a year earlier. Kehrer set the index at 100 in 2002.

Average monthly sales per financial consultant, excluding trailer and advisory fees, jumped to $24,507, from $15,262. With fees included, income rose to $27,694, from $20,028.

The Kehrer community bank brokerage survey covers banks and credit unions with assets under $4 billion.