Neuberger Berman, the 62-year old New York investment and advisory firm, is the latest nonbank to take on banking companies in the wealth management business.

On Tuesday, the company said it has gotten a national trust bank charter from the Office of the Comptroller of the Currency and opened Neuberger Berman National Trust Co. in Seattle. Neuberger said it also plans to open a trust office in Los Angeles this quarter.

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