BankAmerica Corp. is switching some of its funds to a "master-feeder" arrangement modeled after the hub-and-spoke system devised by Boston-based Signature Financial.

A source said it involves the old SeaFirst fund family that was taken over during the Security Pacific merger. BankAmerica declined to comment.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.