State Street Corp. began offering medical savings accounts Tuesday to clients of financial planners and insurance companies that work with its Boston-based money management subsidiary.

Initially, State Street Global Advisors will charge a $75 annual fee for servicing the accounts, which will invest in its SSgA mutual funds. The 17 funds have $11 billion of assets under management.

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.