Wells Fargo & Co. is set to acquire SIFE, advisor of the $789 million SIFE Trust Fund, the company announced today. The fund, which has always invested in the financial services sector, will be renamed the Wells Fargo Specialized Financial Services Fund.

Wells Fargo is purchasing SIFE to broaden its mutual fund line-up and expertise in the financial services sector, as well as to create a relationship with the 300 investment professionals who offer the SIFE Trust Fund to clients, according to company executives.

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