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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.