Mellon Financial will acquire The Providence Group Investment Advisory Co., a high-net-worth manager with $750 million in assets under management, said Joe Ailinger, Mellon spokesman. The acquisition, to be completed in the fourth quarter, will be Mellon's third this year for its $75 billion private wealth management group. Mr. Ailinger declined to disclose terms of the deal. Donald Quattrucci, Providence senior vice president of sales, will become Mellon's regional president of Rhode Island.
Mellon snaps up high-net-worth manager
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