Banks are stepping up efforts to boost their wrap fee accountsÂ’ asset-gathering capability.

One, Wells Fargo & Co., is integrating one of its mutual fund wrap programs with its separate-account program in a bid to reel in more affluent investors. Meanwhile, the KeyCorp retail brokerage subsidiary McDonald Investments plans to make more asset-allocation models available to its wrap-fee customers, and First Union Corp. is putting more into this business.

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