PRINCETON, N.J. Broker productivity through banks decreased 4.5% in September, according to the Bank Securities Associations 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 Augusts $24,940. Productivity of licensed bankers bank employees who sell investment products along with banking products fell 7.4%, to $1,828.