National City Corp.'s plan to purchase a full-service brokerage could be the start of a trend among banks seeking to boost mutual fund sales, industry experts say.

National City, which announced its plan in December, "is clearly one of the first to do it," said Kenneth Hoffman, chairman of the Optima Group, Darien, Conn. "It's something other banks are still considering."

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.