The eight leading brokerage firms saw only an 8 percent growth in organic revenue in the fourth quarter of 2003, according to a year-end survey by WFG Capital Advisors, an insurance industry investment banking firm. Organic growth trended further downward in each quarter of 2003, according WFG Managing Principal Steven Wevodau, from 13.9 percent in the first quarter down to the fourth quarter’s 8 percent. The analysis includes the international brokerage market, according to Rob Lieblein, another managing principal of WFG.
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
AIG Executive Chair and Former CEO Zaffino Set to Exit for Palantir 
Judge Throws Out Bulk of Economic Claims Over Baltimore Bridge Tragedy 
FBI Investigating Possible Exposure of Millions of American IDs 
‘Cockroaches in My Food’ Claim Leads to Insurance Fraud Charge From This Issue
