A bad economy has hit the bottom line of most bank wealth management programs, according to the Michael White – IPI Bank Wealth Management Report.

In the first half of 2012, bank and thrift holding companies generated $59.4 billion in wealth management income, a 6.6% slide from the year before, according to the recently released report. Their median investment program income was $794,000, down 3.6% from $824,000 in 2011. 

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