Evergreen Investments, the investment management arm of Wachovia, said Wednesday that it had agreed Oct. 1 to buy a minority stake in Golden Capital Management.

Terms of the deal were not disclosed. It is subject to approval by the clients of Golden Capital, a Charlotte, N.C., investment management company.

Evergreen said it plans to leverage Golden Capital's expertise in large-cap equity portfolio management for its high-net-worth client portfolios. The Charlotte company will be a sub-advisor to Evergreen Private Asset Management, Evergreen's high-net-worth unit.

Evergreen, which is based in Boston, managed more than $46 billion of private-client accounts at June 30, and it managed more than $250 billion of assets overall.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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