PRINCETON, N.J. — Broker productivity through banks decreased 4.5% in September, according to the Bank Securities Association’s monthly benchmark survey issued by Kenneth Kehrer & Associates of Princeton.

The survey, released Tuesday, said mutual fund and annuity product sales at banks in September declined from August levels. Broker productivity, as measured by commissions, was $23,825, against August’s $24,940. Productivity of “licensed bankers” — bank employees who sell investment products along with banking products — fell 7.4%, to $1,828.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.