Central Texas wealth management firm acquires competitor in Brenham

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South Texas Money Management Ltd. has closed on the acquisition of another wealth management firm east of Austin, Creekside Investment Management Inc. Brenham-based Creekside reported that it had fewer than 100 clients, consisting of individuals and pension funds, according to federal records on file. Total assets under management totaled $81.7 million across 45 accounts, records show. Creekside was founded in 1989 by Eugene Clarence Hammons. Financial details of the acquisition were not disclosed. The...

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