Gilman Net Rises Despite Sales Decline
- Wednesday, 22 May 2013
- News
A decrease in expenses helped financial planning firm Gilman Cioccia record a 41.2-percent rise in net income for the first quarter ended March 31, despite a 10.9-percent drop in revenue. Much of the expense savings came from attrition among the company's independent financial planners who receive a higher commission payout percentage than do company planners.
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