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FOR IMMEDIATE RELEASE (09/18/09)

Back Bay Financial Group once again ranks nationally among top wealth management firms

BOSTON – Back Bay Financial Group Inc. (BBFG) was named as one of the top investment advisory firms in the nation in 2009, according to two industry magazines. For the seventh year in a row Wealth Manager named the firm as one of the top wealth management firms in the country. Financial Advisor also listed the firm in its annual Registered Investment Advisor Survey of growing firms for the third year in a row.

The firm was the only in Massachusetts to be ranked by Financial Advisor in the $100 million to $300 million asset category, and according to the annual Top Wealth Managers survey, firms such as BBFG, are “the backbone of the industry.”

“In light of the state of the economy over the past year, the firm increased its communication with clients and took the time to understand and address each client’s individual concerns. As a result, Back Bay experienced a net gain in new client relationships.” said Founding Principal John H. LeBlanc, CFP^®.

Founding Principal Robert D. Siefert, CFP^® explained, “Clients respect open and honest communication. The firm has made an extra effort to carefully explain any connection between the economic turmoil and each client’s financial situation.”

Each year, Wealth Manager ranks the top registered investment advisory firms in the nation. This year companies were ranked by their growth or decline in 2008, average three-year growth, assets under management (AUM) per staff and AUM per client — from which a composite ranking was calculated. To be eligible, 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 400 institutions does not include banks, broker/dealers or trust companies.

Likewise, the Financial Advisor survey compiles an annual list of the fastest growing independent registered investment advisory firms in the country. It measures the growth of firms based on the percent change in their assets under management as reported on Form ADV.