Adviser Investments, the wealth manager begun by well-known Vanguard Group analyst Dan Wiener, is buying a rival in the Boston suburbs, Kobren Insight Management, from E*Trade Financial Corp (ETFC.O), the companies said on Monday. Terms were not disclosed. Adviser Investments of Newton, Massachusetts, has about $1.3 billion under management and is known for its financial newsletters including one tracking fund giant Vanguard written by Adviser Investments Chairman Wiener. Another newsletter follows Fidelity Investments and is written by Jim Lowell, Adviser Investment's chief investment officer.
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