PrimeVest Financial Services gained 273 advisors in 2011, lifting its total registered representative force to more than 1,600, a 24% increase from the year before, the firm announced. In addition, production increased 14% among the top 100 investment services programs it administers on behalf of banks and credit unions.
Most of the recruiting gains (46%) came from existing Primevest programs within banks and credit unions. Forty-three percent came from banks and credit unions that converted to PrimeVest from other broker-dealers with the rest resulting from existing programs filling vacant positions.
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