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Rockland Trust’s Investment Management Group Achieves $5 Billion AUA Milestone

ROCKLAND, Mass. – March 9, 2021Rockland Trust, a full-service commercial bank, announced that its Investment Management Group (IMG) reached $5 billion in assets under administration (AUA) as of February 28, 2021. AUA grew by 15.4 percent year over year, from February 28, 2020 to February 28, 2021, and by $1 billion since 2019.  

This significant milestone reflects investments made since crossing the $4 billion AUA threshold in the spring of 2019, including an expansion of its presence in the Worcester market and new services offered to clients with the introduction of Premier Banking and Special Needs Trust services. In that time, the IMG team has also enhanced an educational program for business owners and their employees that help them better understand their retirement plan options led by Brian Rocha, CFP®, CRPC®, who joined the Bank as Vice President, Retirement Plan Services Financial Consultant in June. Additional key hires during this time include James C. (Jay) Donnelly, Jr., Vice President and Financial Consultant; William (Bill) R. Logan, CWS® (Certified Wealth Strategist), Vice President and Financial Consultant; and Patricia (Trish) H. Regan, Vice President, Financial Consultant for the South Shore and Cape Cod.

“Achieving the milestone of $5 billion AUA is a testament to our clients’ belief in IMG’s guidance and capabilities, but also our team’s commitment and investment in meeting and exceeding the needs of each individual,” said David B. Smith, CFA, Managing Director and Chief Investment Officer at Rockland Trust. “We are extremely proud of the recent growth of IMG. Relationships are at the heart of everything we do at Rockland Trust and this milestone was made possible by expanding and strengthening them in existing and new markets.”  

Repeatedly ranked one of the Largest Independent Investment Advisers in Massachusetts by the Boston Business Journal, IMG provides comprehensive wealth management solutions designed to meet the unique financial needs of individuals, businesses, and institutions. The team has more than 80 experienced professionals throughout ten investment offices located across Massachusetts in Boston, Edgartown, Franklin, Hanover, Hyannis, Milford, Nantucket, Osterville, Worcester, and Providence, RI. Partnering with IMG clients have access to a full range of services including Investment Management, Trust and Estate Planning, Insurance, Financial and Retirement Planning, and more. (IMG Broadcast Appearances).

MEDIA CONTACT:

Emily McDonald
Rockland Trust
Emily.McDonald@RocklandTrust.com
781.982.6650