Boston Private Financial Holdings, a private banking company with a balance sheet of less than $1 billion, says it is eager to stay in the race to manage the assets of the wealthiest investors.

On Monday the parent of Boston Private Bank and Trust Co. announced a $10.5 million deal for Taylor Investments Inc., a Concord, N.H., investment advisory company that manages $535 million of assets. The deal is expected to close within 60 days.

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