Bright Rock Capital Management LLC Surpasses $200 Million in Assets under Management
ROCKLAND, MA (June 10, 2014) - Bright Rock Capital Management LLC, a wholly owned subsidiary of Rockland Trust, announced today that it has surpassed $200 million in total assets under management (AUM) as of April 14, 2014.
"This achievement was made possible by our seasoned investment management team," said David B. Smith, CFA, Senior Vice President & Chief Investment Officer at Bright Rock Capital Management LLC. "Our team's industry knowledge and expertise in managing market trends with a long-term view enables us to provide a strong value proposition to institutional investors."
Since its inception in 2010, Bright Rock Capital has strived to offer quality investment management options, while simultaneously laying the foundation for long-term relationships with investors. The industry expertise of Bright Rock Capital's investment team coupled with its high client retention rate has allowed the firm to double its managed assets since December 2010.
"In the aftermath of the financial crisis, investors were skeptical of market performance and looking for financial advisors they could trust," said Smith. "We saw this as an opportunity to maximize our team's strong proficiency through a wealth management practice based on building and maintaining lasting relationships."
Rockland Trust and Bright Rock Capital Management's combined assets under management exceeded $2.3 billion as of March 31, 2014. Supported by Rockland Trust infrastructure and resources, Bright Rock Capital Management's investment management team averages 25+ years of experience and maintains a strong track record across a variety of U.S. equity long-only investment styles. Bright Rock Capital supports an actively-managed, long-term investment approach and diversifies its portfolios with mid-cap and large-cap companies that deliver consistent, high-performing financials.
About Bright Rock Capital Management, LLC
Bright Rock Capital Management, LLC is a wholly-owned subsidiary of Rockland Trust. The firm's sole focus is providing institutional quality investment management services to institutional and high-net worth clients. Bright Rock is a registered investment advisor.
About Rockland Trust
Independent Bank Corp. has approximately $6.2 billion in assets and is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust offers a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices, investment management offices, and residential lending centers located in Eastern Massachusetts and Rhode Island, as well as through telephone banking, mobile banking, and the Internet. Rockland Trust, which has been named as one of America's "Best Banks" by Forbes for three consecutive years, is an FDIC Member and an Equal Housing Lender. To find out why Rockland Trust is the bank "Where Each Relationship Matters ®", please visit www.rocklandtrust.com.