Barclays Global Investors is lending its index fund expertise to a new, Internet-only banking company.

Barclays Global Fund Advisors, a subsidiary of the San Francisco-based firm, will serve as an investment adviser for a family of mutual funds to be offered by of Palo Alto, Calif., when the site is launched later this year.

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.