ROCKLAND, Mass. – February 12, 2018 – Rockland Trust today announced its Investment Management Group (IMG) has surpassed $3.5 billion in assets under administration. Assets grew by more than 16% from the same period last year.
Helping to drive the growth was the Bank’s expansion onto Martha’s Vineyard in May 2017, which added a new investment management office in Edgartown. In addition, IMG continued to attract experienced and talented investment professionals, including a seasoned team on Cape Cod, Rachael Aiken, CFP ® and Bonnie Loedel, Esq., who joined Rockland Trust’s Osterville office in September 2017. In late spring 2018, the Bank will open a seventh investment office in Hyannis, MA.
“This is a significant milestone that serves as a testament to our great team of investment professionals and our ability for sustained growth, both organically and by leveraging the Company’s acquisitions,” said David B. Smith, CFA and Chief Investment Officer at Rockland Trust. “Client relationships are the foundation of everything we do at Rockland Trust, and that is particularly true to the counsel we provide to our investment management clients.”
Ranked one of the Largest Independent Investment Advisers in Massachusetts by the Boston Business Journal, the Investment Management Group is comprised of more than 70 experienced professionals in six investment centers in Boston, Edgartown, Franklin, Hanover, Osterville, and Providence, RI. The Group creates customized plans for individuals, municipalities, businesses, and not for profit organizations through a full range of services that include Investment Management, Trust and Estate, Insurance, and Financial and Retirement Planning.
IMG takes a holistic approach to wealth management. Each client is assigned a team of financial professionals, including a relationship manager, financial consultant, and a portfolio manager, who work collaboratively to develop a long-term financial strategy that best suits the client. The team consistently applies sound investment principles to seek to minimize risk and maximize long-term results for clients in a dynamic investment landscape.