Saybrus Partners to help Wells Fargo Advisors on life insurance

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Saybrus Partners, the distribution company of The Phoenix Cos., is going to provide life insurance consulting services to the financial advisors of Wells Fargo Advisors.

Under the agreement, Saybrus Partners’ wealth management consultants will work with Wells Fargo Advisors’ financial advisors in branches across the U.S., helping them match insurance products to meet their clients’ needs, according to a statement. Saybrus Partners will separately secure selling agreements with several carriers it will represent in the Wells Fargo Advisors system.

Hartford, Conn.-based Phoenix formed Saybrus Partners late last year to provide consultation services to partner companies, as well as support for Phoenix’s product line within its own distribution channels. Saybrus Partners offers both wholesaling and “assisted sale” services.

Its first consulting agreement, with financial services firm, Edward Jones, began in November 2009. Phoenix has said previously that it expected Saybrus Partners to add at least two more consulting agreements this year.

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