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Thursday, April 20, 2000 Wells Fargo Allies With AmEx American Express Financial Advisors (AEFA), a division of American Express and Well Fargo today announced an alliance to sell certain investment products via each other's distribution networks.
Wells Fargo currently distributes its products through its 850 affiliated "financial consultants" and AEF through its 11,300 financial advisors. Under the new agreement, all of the intermediaries involved would sell both Wells and AEF mutual funds, as well as the two new variable annuities. The two firms may also look into ventures in "trust, insurance and "other investment services," according to a statement. Printed from: MFWire.com/story.asp?s=25665 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |