Mellon Financial Corp. will acquire Weber Fulton & Felman, an investment management firm based in Cleveland that specializes in the high-net-worth, not-for-profit and retirement markets. The firm has approximately $800 million in assets under management and administration.

This is the third acquisition that Mellon's Private Wealth Management group has made since late 2000. Mellon acquired Trust Co. of Washington in November of 2000 and Van Deventer & Hoch in September 2001.

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