In Brief: Wells Asset Unit Melds Strong's Portfolios

Published April 12, 2005, 1:00 a.m. EDT

Updated April 11, 2005, 4:40 p.m. EDT

1 Min Read

Wells Fargo Asset Management LLC announced Monday that it had completed the integration of certain Strong Financial Corp. funds with its own.

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The integration created a single fund family, Wells Fargo Advantage Funds, which is now the nation's 20th-largest mutual fund company, with more than $100 billion of assets under management at March 31.

Wells Fargo & Co., the San Francisco banking company parent, closed its purchase of $24 billion of mutual fund assets under management from Strong Financial on Dec. 31.

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