Trustmark Corp. plans to crank up its retail mutual fund sales by launching an asset allocation account that mixes proprietary and brand-name mutual funds.

The Jackson, Miss.-based banking company is set to unveil a new wrap account later this month that it plans to make the centerpiece of its retail investments strategy. Targeted at baby boomers and older customers who want more help managing their money, the account will include as investment options funds from E.M. Warburg Pincus & Co. and Gabelli & Co., as well as Trustmark's own proprietary products.

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