Mellon Bets on Paragon to Boost High-Net-Worth Biz:Marks Sixth Acquisition in Four Years

For Paragon Asset Management Company , what happened in Vegas did not stay in Vegas, as the Las Vegas fund company is now part of Mellon Financial’s nationwide operation. Mellon has agreed to purchase the privately held money management firm, in an effort to shore up its high-net-worth investment vehicles. Terms of the deal were not disclosed.

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