Wednesday, July 22, 2009

 

Bank Brokerage Prevails Despite Market

Despite difficult market conditions, bank brokerage managed to improve its profitability, averaging $35.29 per customer household in 2008, up from $30.88 per customer household in 2007, a 14% increase, according to Kehrer-LIMRA’s new 2008 Financial Institution Investment Program Benchmarking Survey.

“The industry has held up very well in the crisis compared to non-bank brokerage,” ” says Ken Kehrer, director of Kehrer-LIMRA and author of the study...

Financial Planning: Bank Brokerage Prevails Despite Market

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