First Union’s First Investment Advisors Group has been incorporated into Evergreen Investments. Evergreen is the investment management unit of Wachovia Corp., the product of Wachovia’s merger with First Union.

The First Investment Advisors Group caters to high-net-worth investors and families, and, as of the end of November, had $40 billion in assets under management, according to Chad Peterson, a spokesman for Evergreen.

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