A growing number of fund companies are establishing alliances with third party 401(k) advisory firms in an effort to meet increasing demands for 401(k) advice.

Scudder Kemper Investments of Boston, Merrill Lynch of New York and Prudential Insurance Company of America of Newark, N.J. and Charles Schwab of San Francisco are some of the fund companies that have aligned with third-party advisers in the last three years to provide 401(k) investment advice.

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