Phoenix's Distribution Division Signs Agreement With Wells Fargo
Phoenix Companies's distribution company Saybrus Partners has signed an agreement with Wells Fargo Advisors to provide life insurance consulting services to the firm’s financial advisors.
Under the agreement, Saybrus Partners’ wealth management consultants will work with Wells Fargo Advisors financial advisors in branches across the US, helping them match insurance products to meet their clients' needs.
In addition, Saybrus Partners will separately secure selling agreements with several carriers it will represent in the Wells Fargo Advisors system.
Phoenix had formed Saybrus Partners in the fourth quarter of 2009 to provide consultation services to partner companies, and also support to its product line within its own distribution channels. Saybrus Partners offers both wholesaling and 'assisted sale' services.
Edward Cassidy, managing principal of Saybrus Partners, said: “We are very pleased to partner with such a well-regarded financial services firm and provide its branches and advisors with life insurance support and expertise.”
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