Short Takes: Pa. Wholesaler Adds Phoenix, Liberty Products

Planco has boosted the number of investment products it wholesales to banks.

The Paoli, Pa., wholesaler added mutual funds and variable annuities managed by Phoenix Home Life Mutual Insurance Co. and life insurance contracts issued by Liberty Life Assurance Co.

Planco already offers products from ITT Hartford Life Insurance Co., and United of Omaha, among other investment companies.

With clients including Citibank and NationsBank, Planco distributed $925 million of investment products through financial institutions in 1994, a spokesman said.

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