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Waterhouse Investor Services Inc. Taking Over: Spring White Sale Prompted By Need To Boost Technology

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In an interview just a few weeks ago, Jack White was extolling the joys of running a boutique.

At the same time, though, the chief executive of the San Diego-based discount brokerage that bears his name was weighing an offer from Waterhouse Investor Services Inc. that would soon take the firm's independence and make it a subsidiary of a major bank.

But like many recent brokerage deals, this

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