John Sosnowy has agreed to sell the assets of his firm, Sosnowy Investment Management Co. of Cameron, Texas to Flexible Plan Investments of Bloomfield Hills, Mich., one of the nation’s largest investment advisory firms offering active management of mutual fund accounts.

Flexible Plan will gain about $145 million in assets from the acquisition, which will be paid for in a seven-year buyout arrangement, according to Jerry Wagner, president of Flexible Plan.

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