MBL Advisors Holdings LLC bought most of the assets of Barry, Evans, Josephs & Snipes Inc., an insurance advisory firm that provides large-scale wealth transfer plans for high-net-worth individuals and corporate and executive benefit plans, from Wells Fargo & Co.

MBL changed the advisory firm's name to Wachau Insurance Advisors Inc. when the acquisition closed Wednesday. MBL bought the corporate charter, administrative systems, database, carrier relationships and most of the long-term client relationships.

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