Boston Advisors is breaking up a family. The Boston-based subsidiary of The Advest Group, recently purchased Babson-United Investment Advisors, a wealth management firm that specializes in managed accounts. The firm is a division of Watertown, Ma., Babson-United.

As of May, the new company will operate under the Boston Advisor name and manage more than $3.5 billion in assets, with 20 investment professionals among the combined staff.

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