Berkshire Hills Buys Wealth Management Business in Vermont

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Berkshire Hills Bancorp in Pittsfield, Mass., has bought a wealth management business in Vermont.

The $9 billion-asset company said in a press release Monday that it bought the business assets of Ronald N. Lazzaro in Rutland, Vt., a financial planning an investment services firm. Berkshire Hills did not disclose the price.

Berkshire Hills said it rebranded the acquired firm as RNL & Associates, which will operate as a division of BerkshireBanc Investment Services. RNL, which has three financial advisers, oversees about $225 million in fee-based advisory and brokerage assets.

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