The Boston Institutional Group, parent of Funds Distributor Inc., has agreed to acquire Financial Research Corp., a Chicago-based mutual fund consulting firm.

Under the deal announced Thursday, T. Neil Bathon will relocate to Boston and continue as president of Financial Research, which he founded in 1987. The company's mutual fund data base, dubbed Access/FRC, combines information from Lipper, Morningstar, and Competitrak.

Funds Distributor markets more than 250 portfolios for banks and other mutual fund providers.

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