In Brief: Norwest to Buy Wis. Pension Manager Firm

Norwest Corp. has agreed to buy Emjay Corp., a Milwaukee-based retirement plan administrator, for an undisclosed price.

Emjay is privately held and has 180 employees and $2.1 billion of assets under trusteeship. The acquisition would make Norwest the largest 401(k) provider in Wisconsin. Norwest would also gain a small investment adviser, Maier/Hauswirth.