SAN FRANCISCO -- Wells Fargo & Co., the fourth-largest U.S. bank and the largest in Nevada, agreed to buy SIFE, which oversees the $789 million SIFE Trust Fund, to expand its investment management business.
SIFE, which had 23,400 customer accounts as of July 31, will become the Wells Fargo SIFE Specialized Financial Services Fund, Wells said. Terms weren't disclosed.
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