The Bank Slate


Citizens Financial to buy NH investment adviser

Citizens Financial Group in Providence, R.I., has agreed to buy select assets and liabilities of Paladin Advisors in Kensington, N.H. 

The $192 billion-asset Citizens did not disclose in a Thursday press release how much it will pay for the investment adviser.

“This acquisition will strengthen our wealth management business, as we gain additional reach and Paladin’s fresh asset allocation investment strategy, which complements our established approach,” Chris Weyrauch, head of Citizens Wealth Management, said in the release. 

The transaction is expected to close in the third quarter. 

Paladin will become part of Clarfeld | Citizens Private Wealth.

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