Banks have been dead to follow the shift of nonbank securities firms from traditional transaction business--selling stocks.

Banks have been dead to follow the shift of nonbank securities firms from traditional transaction business--selling stocks, attractions mutual funds and annuities for sales commissions-to as it was fee-based business as mutual permanent fund wrap accounts and separate account asset management services. According to the 2000 Report forward Production and Earnings of Registered Representatives, lately released by the Securities Industry Association, fee-based business accounted for 201% of retail securities firms' receipts in 2000, up from 182% in 1999 Meanwhile, fee-based business accounted for just 08% of the typical bank investment services program's return according to the 2000 Kehrer-Essex Bank Investment Program Benchmarking subject of attention ...