Brown & Co., an online brokerage owned by J.P. Morgan Chase, plans to buy the brokerage operations of fund family Dreyfus, Reuters reported this morning.

The merger is expected to increase Brown & Co.’s assets under management by $6 billion.

Dreyfus, a unit of Mellon Financial, will sell the brokerage in an all-cash deal that will involve handing over 75,000 accounts, according to Reuters. The terms were not disclosed.

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