Third party broker dealers are bringing home the bacon for the banks and credit unions they support. During 2012, the 12 largest bank broker dealers, or third party marketers as theyre dubbed in the industry, boosted their revenue by 8% to more than $1.5 billion, marking their fourth consecutive year of revenue increases, according to the 2012-2013 Kehrer Saltzman TPM Survey, released Tuesday.
Most of the revenue went to the financial institutions the TPMs support, said Kenneth Kehrer, a principal of Kehrer Saltzman & Associates.
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