Lincoln Financial Distributors, the distribution arm for the Lincoln family of financial services and insurance products, has cut 66 jobs, nearly half of which will be come from its wholesaling force. Last year, the firm consolidated the sales forces from all its products into a single unit, moving from product-based silos to channel-based silos.

"It’s a very complex model and it would be a real surprise if, during the course of the early months or years, there weren’t a shakeout," said company spokesperson Tom Gariepy, adding, "There are overlaps and redundancies within the organization."

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