According to WBJournal, most of the new clientele of Private Wealth Management Group (PWMG) are located in Atlanta and Orlando.
The latest acquisition of Sterling Capital Management is the second move for PWMG during the past five months.
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The company had acquired a New Hampshire-based financial services firm in early 2012.
PWMG provides investment, insurance and financial services to over 1,000 individuals and 300 corporate accounts.
The terms of the deal have not been disclosed.
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