Human Capital Resources, Inc. Announces Findings of Deterioration in Support by Mutual Fund Companies in the Bank Investment Program Marketplace

Results from 205 respondents to an internet suurvey indicates that bank investment representatives and their managers feel mutual fund companies support has deminished over the past 3 years. Compared to other product providers, 63% respondents felt that mutual fund Wholesaler support was only "fair" or "poor".

St. Petersburg, FL (PRWEB) August 26, 2005 -- Human Capital Resources, Inc. (HCR), a nationally known firm specializing in recruiting, employee testing/evaluations, and a wide range of consulting services has just completed a 3 month survey looking at the support mutual fund companies and mutual fund wholesalers provide to banks and brokers selling investment/insurance products.

A significant part of our business is providing our clients with insights and information to better understand what is going on in the bank investment channel,", stated Paul A. Werlin, President of Human Capital Resources, Inc. From an internet-based study, "we received 205 responses from across the country from bank reps, program managers and others, with 97% stating they offer mutual funds to customers."

Werlin continued, Respondents to our survey indicated that mutual fund company support and support from their wholesalers has deteriorated and many believe it does not match what they see from other product providers. For example, in response to the question, Overall, compared to other product vendors, such as fixed annuity, VA providers and others, how would you rate support from Mutual Fund Companies?", only 12% said much better" or somewhat better", while 42% said much, or somewhat worse". 46% said there was no difference." Werlin added, When we inquired about mutual fund company wholesaler visits over the past 3 years, 46% said they had decreased, while only 10% felt they had increased. 44% said that visit frequency had remained the same." Werlin also noted that 59% of respondents believed that publicity about mutual fund problems have impacted customers.

Asked about the implications of the Survey, Werlin stated, I think the survey indicates that mutual fund companies, if they want to maintain and build their presence in the bank channel, need to do a better job getting and staying in front of bank reps and managers."

The Survey and relevant results can be found on Human Capital Resources website, www.humancap.com.

For information about this Survey or about Human Capital Resources, Inc., contact:

Paul A. Werlin

President

Hyman Capital Resources, Inc.

727-898-0212

paulwerlin@humancap.com

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