August was a record-breaking month for productivity of the average full-time broker in financial institutions, according to a new report.
This was a key finding of an AXA Kehrer-LIMRA Monthly Monitor Survey.
The report shows that sales of both fixed and variable annuities as well as mutual funds elevated transactional productivity to the highest level since April of 2010.
Even without the benefit of quarterly fee revenue, monthly fees were sufficient to drive total productivity to its highest level since January of 2008.