Press Center
Press Release

FOR IMMEDIATE RELEASE (09/29/08)

Back Bay Financial Group ranks nationally among top wealth management firms

From left to right: John H. LeBlanc, CFP®; Robert D. Siefert, CFP®

BOSTON – Back Bay Financial Group Inc. ranked as one of the top investment advisory firms nationwide in 2008, according to two investment magazines. Wealth Manager’s Top Dog Report named the firm one of the top advisory firms nationwide. Financial Advisor magazine also recognized the firm in its 2008 Registered Investment Advisor Survey of growing firms.

According to Financial Advisor magazine, the firm’s assets grew by nearly 18 percent from December 31, 2006 through December 31, 2007. The firm was one of only 12 in Massachusetts to be ranked in the Top Dog Report.

“It is an honor to be listed among the most respected firms in the wealth management industry,” said Founding Principal John H. LeBlanc, CFP^®. “But, the clients of Back Bay Financial Group are the true recipients of this award. The firm is beyond grateful for the trust they continue to place in us year after year.”

Founding Principal Robert D. Siefert, CFP^® explained the firm’s commitment to client service is responsible for the firm’s ability to grow over the years. The firm’s managers focus on establishing an open and trusting relationship with clients. “Our clients’ best interests always come first. Understanding their motivation and unique needs enables us to guide clients toward their goals,” he said.

Each year, Wealth Manager ranks the top registered investment advisory firms in the nation. Companies are ranked by average assets under management per client. Additionally, 50 percent of each firm’s clients must fit the Security and Exchange Commission’s definition for high net worth individuals. The list of approximately 500 institutions does not include banks, broker/dealers or trust companies.

Each year the Financial Advisor survey compiles an annual list of the fastest growing independent registered investment advisory firms throughout the country. It measures the growth of firms based on the percent change in their assets under management as reported on Form ADV. BBFG was listed in the $300 to 500 million asset category.