HOLLYWOOD, FLA - As many as 88% of bank brokerage programs now offer fee-based accounts, Kehrer-LIMRA director of research Ken Kehrer said in a presentation Sunday at the Bank Insurance and Securities Association's annual conference.
Unfortunately, bank-based advisors aren't taking advantage of the opportunity to grow their recurring revenue streams - only 23% of advisors drop a fee-based ticket in an average month, Kehrer said.
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