MBL Advisors Holdings L..L.C. announced it has acquired Wachau Insurance Advisors Inc. from Wachovia/Wells Fargo Bank.
Wachovia Bank, Charlotte, N.C. acquired Wachau, formerly known as Barry, Evans, Josephs and Snipes, Inc., in 1999. Wachau provides wealth transfer plans for ultra-high-net-worth individuals as well as corporate and executive benefit plans.
Wachovia itself was acquired by Wells Fargo & Company, San Francisco, in January.
The name of Wachau was changed upon closing to MBL Advisors Inc.
MBL Advisors used McColl Partners L.L.C., Charlotte, for advice on the transaction.