Top broker-dealers posted gains selling a combination of packaged mutual fund and annuity products in banks in 1999 despite overall sales declines in the bank channel, according to a report released by Ken Kehrer Associates, an independent consulting firm based in Princeton, N.J. that specializes in bank securities data.

The leading marketers of mutual funds and annuities in the channel saw their sales climb five percent to more than 96 percent during the year while overall sales of those investment products in banks declined during the period, Kehrer reported.

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