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June 09, 2010 at 08:00 PM
A Wells Fargo & Company distribution unit will be using Saybrus Partners Inc. to help affiliated financial professionals sell life insurance.
Wells Fargo Advisors, St. Louis, an arm of Wells Fargo, San Francisco, manages a network of about 16,000 financial professionals. It includes Wells Fargo Advisors L.L.C. and Wells Fargo Advisors Financial Network L.L.C.
Saybrus Partners, Hartford, is the distribution arm of Phoenix Companies Inc., Hartford (NYSE:PNX).
Saybrus Partners will secure selling agreements with several carriers to supply Wells Fargo Advisors products, Saybrus Partners says.
The life insurers supplying the insurance products likely will include Pacific Life Insurance Company, Newport Beach, Calif.; John Hancock, Boston, a unit of Manulife Financial Corp., Toronto (TSX:MFC); Lincoln National Corp., Radnor, Pa. (NYSE:LNC); ING Groep N.V., Amsterdam (NYSE:ING); and AXA Equitable, New York, a unit of AXA S.A. Paris, according to Alice Ericson, a Phoenix representative.
