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Evergreen Puts Parent's Purchases to Work in Sales Push


By Sonja Ryst American Banker

May 26, 2008

Evergreen Investment Management Co. LLC is trying to expand by pulling together its disparate pieces, improving its ability to sell products and moving into more foreign markets. Parent Wachovia Corp., has been growing in investment services for several years through a number of acquisitions (see related story, page one). In October, Wachovia acquired A.G. Edwards & Sons Inc. to create a retail brokerage firm with $1.1 trillion of client assets, nearly 15,000 financial advisers and offices in most states.

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