Charles Schwab & Co. is poised to announce at least one more distribution deal for its successful OneSource mutual fund program by yearend, according to a top executive at the firm.

With two banks already distributing the nearly 2,000 funds available through OneSource, San Francisco-based Schwab is now looking to cement further relationships, said Tom Seip. But banks are not the only potential partners, said Mr. Seip. He said that Schwab is courting other financial institutions, but declined to say what kind.

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