Rockland Trust’s Investment Management Group Announces a Record Year with $5.8 Billion in Assets Under Administration

The Rockland Trust’s Investment Management Group (IMG) has achieved a new record with $5.8 billion in assets under management (AUA) as of December 31, 2022. Despite strong headwinds in the equity and fixed income markets, IMG’s AUA grew broadly. 17% from December 31, 2020 to December 31, 2022. The team also achieved record new business value totaling $1.2 billion and made strategic hires across the bank’s footprint to support its growing portfolio.

This important milestone reflects IMG’s strong relative investment performance across all major asset classes and its comprehensive wealth management offering, including financial and retirement planning, special needs services, insurance and tax services, and real estate planning analysis. It is the result of our continuous efforts to IMG also creates educational programs for business owners and their employees, providing customized guidance and insight into corporate retirement planning options.

“This milestone is a testament to our team’s dedication to helping individuals, families and businesses confidently work toward their financial goals,” said CFA and Managing Director of Rockland Trust. Director and Chief Investment Officer David B. Smith said. “We are very proud of the discipline and strategy that has helped us overcome the headwinds from both the equity and fixed income markets this year. We would also like to thank our commercial and retail colleagues with whom we have partnerships as they are a key component of our overall success. We look forward to building and deepening our customer relationships in 2023. I have.”

For the eighth consecutive year, IMG has been ranked as one of the “Largest Independent Investment Advisors in Massachusetts.” Boston Business JournalIMG offers comprehensive wealth management solutions designed to meet the unique financial needs of individuals, businesses and institutions. The team includes over 90 experienced professionals in 11 investment offices located in Boston, Massachusetts, Edgartown, Franklin, Hanover, Hyannis, Milford, Nantucket, Osterville, Peabody, Worcester, and Providence, Rhode Island. There is By partnering with IMG, clients have access to a full range of services including investment management, trust and estate planning, insurance, financial and retirement planning and more. (IMG broadcast appearance).

About INDB and Rockland Trust

Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company of Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. The Rockland Trust has been named to The Boston Globe’s 2022 “Where to Work” list for the 14th consecutive year. *In 2022, Rockland Trust ranked #1 for customer satisfaction in retail banking in New England. Rockland Trust has a long-standing commitment to fairness and inclusion. This initiative includes diversity and inclusion leadership training, a peer allyship mentoring program, providing peer support and education, strengthening a culture of mutual respect, and a number of employee resource groups focused on fostering professional development. Community organization through a variety of charitable donations and employee-based volunteerism by The Land Trust. Additionally, The Rockland Trust is deeply committed to the communities it serves, which is reflected in an overall ‘Excellent’ rating in the latest Community Reinvestment Act performance ratings. Rockland Trust offers a wide range of banking, investment and insurance services. The bank serves businesses and individuals through more than 120 retail branches, commercial and home financing centers, and investment management offices throughout eastern Massachusetts, including Greater Boston, South Shore, North Shore, Cape Cod and Islands, Worcester County and Rhode Island. offers. Rockland Trust also offers a full suite of mobile, online and telephone banking services. Rockland Trust is an FDIC member and equal home lender.

*Rockland Trust received the highest score in the New England region in JD Power’s 2022 U.S. Retail Banking Satisfaction Survey for Customer Satisfaction with Major Banks. For more information, visit

Source link

Leave a Reply

%d bloggers like this: