Washington Trust Co. in Westerly, R.I., says converting its three wealth management businesses to an overlay management model could smooth the way for future acquisitions of advisory firms.

"We're trying to create an infrastructure that allows all of our investment professionals to deliver the broadest range of investment capabilities to our clients," said Galan Daukas, the executive vice president in charge of wealth management at Washington Trust.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.