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FOR IMMEDIATE RELEASE (09/29/08)

Padula brings more than 15 years of investment experience to Back Bay Financial Group Inc.

BOSTON – George T. Padula of Westwood, an 18 year veteran of the financial industry, joined Back Bay Financial Group Inc. (BBFG) in August as a wealth manager. In this role he advises clients and heads business development initiatives.

Padula holds Chartered Financial Analyst^® and Certified Financial Planner™ certifications. These designations identify investment professionals who meet rigorous academic and ethical requirements.

“The firm is pleased to welcome its second Chartered Financial Analyst^® charterholder, as well as its seventh Certified Financial Planner™ to the staff,” said Founding Principal Robert D. Siefert, CFP^®.

“My career in the wealth management and financial services industry has provided me with the opportunity to experience a wide range of economic and market conditions. I am confident that this broad knowledge will benefit the firm. I am eager to share my professional knowledge and personal experience with the staff and clients,” explained Padula.

Prior to joining the firm, Padula recently served as president of The Danforth Associates Inc., a Wellesley-based investment advisory firm founded in 1936. Previous to this, he worked for a variety of large investment firms in the Boston area.

Padula received a Bachelor of Arts degree from Colby College and a Master of Business Administration from the Wallace E. Carroll Graduate School of Management at Boston College. He is a member of the Financial Planning Association, National Association of Personal Financial Planners and the Boston Security Analysts Society. Padula also serves on the board of directors for the Chernobyl Children Project USA.

Back Bay Financial Group Inc. was founded in 1997 to provide integrated wealth management services for high net worth individuals, endowments and foundations and others. Services are individualized, comprehensive and ongoing aimed at meeting client goals in the areas of retirement, estate and income tax planning, investments, risk protection, stock option analysis and college savings. Back Bay Financial Group Inc., with more than $390 million under management, provides objective counsel based on its commitment to the highest level of ethics and a fee-only approach.