The distribution arm for Hartford life insurer The Phoenix Cos. has inked a deal to provide life insurance consulting services to Wells Fargo Advisors.
Under the agreement, Saybrus Partners wealth management consultants will work with Wells Fargo Advisors financial advisors in branches across the U.S., helping them match insurance products to meet their clients’ needs.Â
Saybrus will separately secure selling agreements with several carriers it will represent in the Wells Fargo Advisors system.
“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,” said Edward W. Cassidy, managing principal of Saybrus Partners and Phoenix’s executive vice president of distribution.
Phoenix formed Saybrus Partners in the fourth quarter of 2009 to provide consultation services to partner companies, as well as support for Phoenix’s product line within its own distribution channels.Â
Its first consulting agreement, with financial services firm Edward Jones, began in November.Â
Phoenix has said previously that it expected Saybrus to add at least two more consulting agreements in 2010.
