Rockland Belief’s Funding Administration Group (IMG) achieved a brand new report, closing out the 12 months with $5.8 billion in Property Below Administration (AUA) as of December 31, 2022. Regardless of sturdy headwinds within the inventory and bond markets, IMG’s AUA has grown by practically 17 p.c, from December 31, 2020, to December 31, 2022. The crew additionally achieved a report 12 months of gross new enterprise technology totaling $1.2 billion and made strategic hires all through the Financial institution’s footprint to assist the rising portfolio.
This important milestone is the results of IMG’s sturdy relative funding efficiency throughout all main asset courses, and continued dedication to delivering holistic wealth administration, which incorporates monetary and retirement planning, particular wants companies, insurance coverage and tax companies, and property plan evaluation. IMG has additionally created an academic program for enterprise homeowners and their workers – offering tailor-made steering and perception for enterprise retirement plan choices.
“This milestone is a testomony to our crew’s dedication to serving to people, households, and companies confidently work towards their monetary targets,” stated David B. Smith, CFA, Managing Director and Chief Funding Officer at Rockland Belief. “I’m extremely pleased with the self-discipline and technique that has helped us overcome headwinds from each inventory and bond markets this 12 months. I’d additionally wish to thank our industrial and retail colleagues for his or her partnership, as their imaginative and prescient and shared perception in supporting our prospects is a serious part of our total success. We sit up for constructing and deepening our shopper relationships in 2023.”
For eight consecutive years, IMG has been ranked one of many “Largest Impartial Funding Advisers in Massachusetts” by the Boston Enterprise Journal. IMG offers complete wealth administration options designed to fulfill the distinctive monetary wants of people, companies, and establishments. The crew has greater than 90 skilled professionals all through eleven funding places of work positioned throughout Massachusetts in Boston, Edgartown, Franklin, Hanover, Hyannis, Milford, Nantucket, Osterville, Peabody, Worcester, and Windfall, RI. Partnering with IMG, shoppers have entry to a full vary of companies together with Funding Administration, Belief and Property Planning, Insurance coverage, Monetary and Retirement Planning, and extra. (IMG Broadcast Appearances).
About INDB and Rockland Belief
Impartial Financial institution Corp. (NASDAQ International Choose Market: INDB) is the holding firm for Rockland Belief Firm, a full-service industrial financial institution headquartered in Massachusetts. Rockland Belief was named to The Boston Globe’s “High Locations to Work” 2022 listing, an honor earned for the 14th consecutive 12 months. *In 2022, Rockland Belief was ranked #1 in Buyer Satisfaction with Retail Banking in New England. Rockland Belief has a longstanding dedication to fairness and inclusion. This dedication is underscored by initiatives equivalent to Range and Inclusion management coaching, a colleague Allyship mentoring program, and quite a few Worker Useful resource Teams centered on offering colleague assist and schooling, reinforcing a tradition of mutual respect and advancing skilled improvement, and Rockland Belief’s sponsorship of various group organizations by charitable giving and employee-based volunteerism. As well as, Rockland Belief is deeply dedicated to the communities it serves, as mirrored within the total “Excellent” score in its most up-to-date Neighborhood Reinvestment Act efficiency analysis. Rockland Belief affords a variety of banking, funding, and insurance coverage companies. The Financial institution serves companies and people by over 120 retail branches, industrial and residential lending facilities, and funding administration places of work in jap Massachusetts, together with Higher Boston, South Shore, North Shore, Cape Cod and Islands, Worcester County, and Rhode Island. Rockland Belief additionally affords a full suite of cell, on-line, and phone banking companies. Rockland Belief is an FDIC member and an Equal Housing Lender.
*Rockland Belief obtained the very best rating in a tie within the New England Area of the J.D. Energy 2022 U.S. Retail Banking Satisfaction Examine of shoppers’ satisfaction with their major financial institution. Go to jdpower.com/awards for extra particulars.