Washington Trust Bancorp, the parent of The Washington Trust Company, has completed its acquisition of Halsey Associates, a New Haven, Connecticut-based registered investment adviser.
The deal, which was first announced in June 2015, increases Washington Trust Wealth Management’s assets under administration to approximately $6bn, a rise of over 15%.
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Halsey Associates will continue to function under the same label as a division of Washington Trust Wealth Management.
James Zoldy, president of Halsey Associates, and his team will continue to be associated with the firm and will work with Halsey clients.
Washington Trust chairman and CEO Joseph MarcAurele said: "This is a significant strategic acquisition for Washington Trust, as it expands our wealth management reach into the Connecticut-New York corridor and further strengthens our position as one of the region’s top wealth management firms.
"Halsey has a talented management team and a loyal group of clients; we are excited to welcome them to Washington Trust and look forward to the many benefits of our combined organizations."
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