Phoenix Duff & Phelps Corp. has seen slow but steady progress in the year since it announced a big push to sell mutual funds and annuities through banks.

The company has landed selling arrangements with 15 banks and marketing firms so far, including SouthTrust Corp., Birmingham, Ala.; Robert Thomas Securities Inc., St. Petersburg, Fla.; and Investment Centers of America, Bismarck, N.D. As a result, sales through financial institutions have doubled over the past year.

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