Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.
Deals & People January 25, 2011
Reliance Trust Acquires Wealth Management Firm
Reliance Trust, a subsidiary of the Reliance Financial Corporation, announced the acquisition of Harrington Wealth Management, a subsidiary of Pacific Western Bank.
Reported by Nicole Bliman
Harrington Wealth Management Company provides trust and investment management services to individual and institutional clients.
The acquisition was made to expand Reliance’s assets under management and build its national presence through strategic talent acquisition, the company reported. Three of Harrington’s wealth management experts, Richard E. Harrison, David R. Goodman, and Larry O’Callaghan, will join Reliance Trust’s wealth management team. Acquiring Harrington expands the company’s service area to include California, Indiana, and the Kansas City area.
Harrington clients will immediately become Reliance Trust clients and will have full access to Reliance Trust’s investment experts, products and technology.
You Might Also Like:
Bain Capital and Partners to Acquire Envestnet for $4.5B
The firm is slated to go private through purchase by Bain Capital and Reverence Capital, along with partners BlackRock, Fidelity,...
Fisher Investments to Spin Off Independent 401(k) Practice
The RIA is spinning off its 401(k) division to become Fisher Retirement Solutions.
Cetera Hires Jerry Patterson to Lead Retirement, Annuity Push
Firm taps Fidelity’s life insurance president to bolster retirement, life insurance and annuity offerings to its network of over 10,000...