Financial advisors at U.S. banks raked in an average of $27,809 in commission and fees in December, up modestly from an average of $27,418 in November thanks mainly to widening spreads between fixed annuities and certificate of deposit rates.
When combined with their comparatively strong production in October, bank-based advisors' in the fourth quarter generated the most revenue, including recurring sales, in more than 10 quarters, according to the Bank Insurance and Securities Association's latest Monthly Productivity Report.
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