Phoenix Investment Partners of Hartford, Conn., says it will get a good fit and good location in its latest in a string of acquisitions — a deal to buy Walnut Asset Management of Philadelphia.

Walnut, which specializes in high-net-worth clients, is relatively small in asset size — $800 million versus Phoenix’s $60 billion of retail, institutional, and high-net-worth assets. But Phoenix coveted the company’s experience with foundations and its deep roots in the Philadelphia area, a spokeswoman for the buyer said.

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