WELLESLEY, Mass., July 24, 2017 /PRNewswire/ -- Wellesley Investment Partners, a wholly owned subsidiary of Wellesley Bank, is proud to announce their inclusion on Financial Advisor Magazine's list of the Top 50 Fastest Growing Registered Investment Advisory (RIA) firms in the country based on 2016 asset growth.
Wellesley Investment Partners qualified for the list with $307.15M in assets under management as of December 31, 2016, with growth exceeding 30% from prior year-end numbers. The Firm is one of just two Massachusetts RIAs to make the list.
"We are pleased to be recognized on Financial Advisor Magazine's list of Fastest Growing RIAs," said President Louis Crosier. "It truly is a testament to all the hard work and dedication our team has put forth in creating an environment and culture that allows us to achieve this kind of growth."
About the List
Financial Advisor Magazine's list of the Top 50 Fastest-Growing Firms with more than $250M in AUM, included in the July 2017 issue, consists of Registered Investment Advisors that reported their 2016 asset growth directly to the magazine. In total, 638 firms submitted data to Financial Advisor Magazine and were ranked by growth in percentage terms. The magazine's ranking is not indicative of Wellesley Investment Partners' future growth.
About Wellesley Investment Partners
Wellesley Investment Partners is an Investment Advisory firm serving high net worth individuals, families, private foundations and endowments. The firm offers professional fee-based investment management with a focus on broad diversification and after-tax return.
Wellesley Investment Partners is a wholly owned subsidiary of Wellesley Bank which provides comprehensive premier banking and wealth management services to individuals and families, businesses and non-profit organizations. The company's teams of highly experienced and knowledgeable bankers provide exceptional personalized services and trusted advice to its clients.
Wellesley Bank and its wholly owned wealth management company, Wellesley Investment Partners, LLC are subsidiaries of Wellesley Bancorp, Inc. (NASDAQ: WEBK).
SOURCE Wellesley Bank