American Express Financial Corporation of Minneapolis, Minn. is jointly developing and distributing mutual funds and annuity products with FleetBostion Financial of Boston as part of a strategic alliance between the two firms, American Express has announced.

The American Express Galaxy Premier Variable Annuity and the Preferred Gold Fixed Annuity, will be sold through FleetBoston's network of 1,000 retail financial consultants. American Express Financial advisors, in turn, will sell FleetBoston's Galaxy and Columbia mutual funds, according to American Express. The firms will begin selling the products Nov. 1.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.