Legg Mason Inc. is positioning itself to compete with banks in attracting and keeping high-net-worth clients who want one-stop shopping for financial services.

The Baltimore-based broker- dealer obtained a nationwide thrift charter earlier this year that will allow it to provide trust services. And it has been buying asset management companies that cater to the very wealthy, including Berkshire Asset Management Inc., a Wilkes Barre, Pa.-based company with $600 million of assets under management, acquired this week.

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