Wachovia Corp. and Prudential Financial have completed the merger of their brokerage units into Wachovia Securities. The resulting organization is owned 62% by Wachovia and 38% by Prudential.

Wachovia Securities is the third-largest full service retail brokerage by assets, with $532.1 billion at the end of March. The new company has 3,400 retail outlets, including 2,700 Wachovia bank branches.

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