Wachovia Corp. said Monday that it has closed its purchase of Tanager Financial Services Inc. in Waltham, Mass.
Tanager was the nation's 10th-largest independent wealth advisory firm. It becomes part of Wachovia Wealth Management and its Calibre family-office business.
The Boston-area office of Tanager becomes Calibre's third site, after offices in Philadelphia and Winston-Salem, N.C. David Beatty, the president of Tanager, is the managing director of the new office. It has 47 employees, 175 customer families, and $2 billion of assets under advisement.
