Third-party broker-dealers that support investment services in banks and credit unions gained momentum in 2013 as they picked up both new advisors and new business.
The third-party marketers increased advisor headcount 1.5% to 6,160 and boosted the number of financial institutions they served to 2,640, a 2.6% increase, according to the Kehrer Saltzman Annual TPM Report released Monday.
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