Signature Financial Group is making a bold move to expand its market by licensing to other companies its closely guarded approach to managing mutual funds.

After six months of negotiations, the Boston-based mutual fund administrator has struck a deal that lets Federated Investors market Signature's hub-and-spoke mutual fund structure to Federated's 2,000 bank clients. Federated, based in Pittsburgh, is a leading provider of mutual fund and trust services to banks.

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