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Kelly said acquisition is the final phase of a three-part strategy for his unit. After completing its merger with the former First Union Corp. It now has 50 wealth management teams deployed along the East Coast. The wealth management unit also wants to continue opening offices in markets where the parent company makes acquisitions, he said, and this is why the unit is putting offices in Dallas and Birmingham, Ala.

Joining Wachovia will enable Tanager to offer clients a more comprehensive array of services than it could on its own, the company said, including fiduciary services, expanded charitable services, credit, and more flexible financial information and reporting systems.

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