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ORANGE COUNTY BRIEFLY

Pacific Mutual Expands

August 14, 1996

NEWPORT BEACH — Pacific Mutual Life Insurance Co. said it has acquired a minority interest in Oregon-based Morley Financial Services. Terms were not disclosed.

Morley Financial, which is based in Lake Oswego, oversees a group of companies, including Morely Capital Management Inc., a national company that manages $7 billion in assets.

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