Big insurer Nationwide Financial, which will begin selling separately managed accounts through banks this Thursday, is jumping aboard a product juggernaut that a research firm says should reach $1 trillion of sales by 2007.

Matt Riebel, president of Financial Institutions Distributors Agency Inc., the Nationwide division that distributes through banks, said the Columbus, Ohio, insurer, which began selling separately managed accounts in December, sees a significant opportunity in the bank channel.

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