Huntington Asset Advisors is looking to expand its 19-member family of mutual funds.

Company officials told the MFWire that the Columbus, Ohio-based firm plans to add a new offering called the Balanced Fund within the year.

"It’s in the early stages," said Paula Jurcenko, senior vice president, director of product management and sales.

B. Randolph Bateman, chief investment officer and president of Huntington Asset Advisors, said the matter will be taken up at a board meeting two weeks from now.

Huntington Asset Advisors is a wholly owned subsidiary of The Huntington National Bank. 

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