Fleet Financial Group, which recently bought the discount broker Quick & Reilly, plans to incorporate Charles Schwab & Co.'s OneSource mutual fund supermarket in a new wrap account.

The Boston-based banking company is negotiating with San Francisco-based Charles Schwab to give Fleet customers access to some of the 800 no-load, no-transaction-fee funds available through OneSource, a Fleet executive said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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