Metropolitan National to acquire Waschka firm.
Terms of the deal were not announced by either of the privately held businesses.
In a press release, Waschka's widow, Jessica Waschka, said Metropolitan was chosen "strategically ... to ensure the firm's business principals would be continued."
Jessica Waschka had announced shortly after her husband's death the appointment of a board of advisers to help her decide what to do with 14-year-old Waschka Capital Investments.
Angie Johnson, a member of Waschka's senior management team and a certified financial planner; Charles Martin, a chartered financial analyst and Ph.D. in financial economics; and the rest of Waschka's staff will join Metropolitan when the merger is finalized on Dec. 1.
Metropolitan's Wealth Management Division is headed by Gene Jennings and Tom Carlson.
"Waschka's client-centered, fee-only approach to wealth management will continue at Metropolitan," said Lunsford W. Bridges, president and CEO of Metropolitan. "We are excited to add the level of expertise Waschka's employees will bring to our organization and will carry on the same tradition of excellence to which Waschka's clients have become accustomed."
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|Title Annotation:||Banking & Finance; Waschka Capital Investments|
|Comment:||Metropolitan National to acquire Waschka firm.(Banking & Finance)(Waschka Capital Investments)|
|Article Type:||Brief Article|
|Date:||Nov 29, 2004|
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