Citizens Financial Group in Providence, R.I., has agreed to buy select
assets and liabilities of Paladin Advisors in Kensington, N.H.
The $192 billion-asset Citizens did not disclose in a Thursday
press release how much it will pay for the investment adviser.
"This acquisition will strengthen our wealth management
business, as we gain additional reach and Paladin’s fresh asset allocation
investment strategy, which complements our established approach," Chris
Weyrauch, head of Citizens Wealth Management, said in the release.
The transaction is expected to close in the third quarter.
Paladin will become part of Clarfeld | Citizens Private
Wealth.
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