Approximately 24,000 registered representatives at the seventeen member firms of New York City-based Securities Industry and Financial Markets Association (SIFMA) saw their average annual production in 2008 drop 17.1% to $441,357, down from $532,394 in 2007, and saw their average earnings fall 8.1% to $194,262, down from $211,427, according to SIFMA’s 2008 Production and Earnings Report. Among those corporations included in the report were BB&T Corp., Edward Jones, Merrill Lynch and Raymond James and Associates.
Sunday, December 13, 2009
REGISTERED REPS’ PRODUCTION AND EARNINGS FELL IN 2008
Approximately 24,000 registered representatives at the seventeen member firms of New York City-based Securities Industry and Financial Markets Association (SIFMA) saw their average annual production in 2008 drop 17.1% to $441,357, down from $532,394 in 2007, and saw their average earnings fall 8.1% to $194,262, down from $211,427, according to SIFMA’s 2008 Production and Earnings Report. Among those corporations included in the report were BB&T Corp., Edward Jones, Merrill Lynch and Raymond James and Associates.
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