Wells Fargo & Co.'s Stagecoach Value Annuity Fund will be included later this month in investment portfolios underlying seven American Skandia Life Assurance Corp. insurance products.

It will be the first time a Wells Fargo proprietary fund is folded into products distributed outside the bank channel, said Wade Dokken, deputy chief executive officer American Skandia. Skandia's network includes 1,000 broker-dealers and 30,000 individual brokers, he said.

"I think it will be a real shot in the arm for them," Mr. Dokken said. He predicted the relationship would bring $100 million in new assets to Wells' fund by yearend.

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.