NEW YORK - The asset management firm Neuberger Berman has agreed to buy Executive Monetary Management, which provides wealth management services to high-net-worth individuals and families, particularly senior executives and leaders in entertainment, law, and finance.

The New York firm, which has $1.8 billion of assets under management, would operate as a separate division of Neuberger Berman. William Aaron and Michael Stein, the founders and principals of Executive Monetary Management, would become co-presidents of Neuberger Berman's EMM division and managing directors for the company.

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