Bank Broker-Dealers Increase Sales In April

The Bank Insurance & Securities Association bank broker-dealer productivity index was 17% higher in April than it was in April 2006, BISA says

Average broker revenue increased to $21,138, from $19,008, according to a survey commissioned by BISA, Wayne, Pa., and conducted by Kehrer-LIMRA, an affiliate of LIMRA International, Windsor, Conn.

Average production by licensed bankers fell to $824, down from $939 in April 2006, BISA reports.