ROCKLIN, Calif. -- Spotting where the revenue growth is in credit union investment programs, the fee-based advisory channel has seen the largest increase year over year compared to the revenue of other products and services within the retail investment services channel, according to the 2007 Callahan/SCS Credit Union Retail Investment Services Bench-mark program.
The program provides credit unions with data to monitor, track and measure the overall productivity and performance of their retail investment services program and includes data on nearly 1,500 credit unions.
The data showed the growth of retail investments managed by financial consultants from 2005 through the first quarter of 2007 as well as an increase in hiring of additional financial consultants for all reporting programs by structure type.
