As many as 88% of bank brokerage programs now offer fee-based accounts, Ken Kehrer, director of research at Kehrer-Limra, said in a presentation Sunday at the Bank Insurance and Securities Association's annual conference in Hollywood, Fla.

But bank-based advisers are not taking advantage of the opportunity to generate more recurring revenue — only 23% of advisers drop a fee-based ticket in an average month, Kehrer said.

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