Reliance Trust Makes Wealth Management Acquisition

January 25, 2011 ( - Reliance Financial Corporation announced today that its subsidiary, Reliance Trust Company has acquired Harrington Wealth Management Company.


Harrington is an operating subsidiary of Pacific Western Bank, which provides trust and investment management services to individuals and institutional clients, according to the announcement. 

The firm notes that the acquisition reflects Reliance Trust’s strategy of expanding the company’s assets under management and building national presence through strategic talent acquisition. Three of Harrington’s wealth management experts, Richard E. Harrison, David R. Goodman and Larry O’Callaghan, will join Reliance Trust’s wealth management team. Acquiring Harrington expands the company’s service area to include California, Indiana and the Kansas City area, according to the firm.

“Reliance Trust believes in investing in people to drive growth, and the Harrington team is a tremendous asset to the company because they have proven credentials and expertise that supports our focus on personal relationships,” said Tony Guthrie, President and Managing Principal, Reliance Trust. “We are excited at the prospects for growing our wealth management business with this new talent.”

Harrington clients will immediately become Reliance Trust clients and will have full access to Reliance Trust’s investment experts, products and technology. Harrington clients will experience no changes in contacts, access or reporting.

Reliance Financial Corporation is a privately held, Atlanta-based, diversified financial services and wealth management company with more than $80 billion in assets under management and administration.  Reliance conducts business throughout the United States through its trust company (one of the largest independent trust companies in the country), subsidiaries and affiliated offices. Reliance offers an array of retirement plan, outsourcing, wealth management, investment and trust and wealth management services to individuals, corporations and institutions, as well as to other banks, brokerage firms and insurance companies.

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