Guilford Savings Bank (GSB) is Pleased to Announce the Purchase of a Majority Interest in Asset & Retirement Investment Associates LLC (ARIA), a Registered Investment Advisory Firm Located in Guilford, Connecticut

Aug 02, 2011, 12:22 ET from Guilford Savings Bank

GUILFORD, Conn., Aug. 2, 2011 /PRNewswire/ -- Effective August 1, 2011, ARIA became a subsidiary of GSB and a valuable resource for current and potential clients alike.  

ARIA was established by managing member Deborah Abildsoe in 1999 to provide a fee-only investment alternative for higher net worth clients looking for a more personalized approach to discretionary management than is often provided by brokerage houses and large banks. In addition, Ms. Abildsoe is also a specialist working with Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF) participants. She co-authored the book "Understanding TIAA-CREF, How to Plan for a Secure and Comfortable Retirement" published in 2000 by Oxford University Press.

"We could not be more pleased to welcome Deborah Abildsoe and her clients to the Guilford Savings Bank family," states Margaret Livingston, President & CEO of Guilford Savings Bank. "She brings with her a wealth of sound investment advice and her philosophy on the importance of delivering outstanding personalized customer service is in true alignment with GSB's values."

"ARIA currently has nearly $100 million under management," shares Ms. Abildsoe. "I am proud of what my firm has accomplished since inception, and I'm pleased to see the firm become a part of the GSB brand. I fully anticipate assets under management to continue to grow as we move forward with GSB. Also important, through our association with GSB, we will be able to build a strong succession and contingency plan for current and future ARIA clients."

About Guilford Savings Bank: GSB has been serving the financial needs of the Connecticut shoreline community for over 136 years.  Founded in 1875 by local business owners, it has proudly stood as a trusted institution in the communities it serves.  Starting with a seventeen thousand dollar investment and one branch in Guilford, GSB has grown to a seven-office, $500 million bank.

About ARIA: A Registered Investment Advisor (RIA), ARIA is a non-commissioned resource that generally provides services based on a percentage of assets under management.   Most accounts are valued at approximately $1 million and above.  ARIA manages individual investment and retirement accounts.

About Deborah Venter Abildsoe: Ms. Abildsoe began her career in finance in 1973 in the European market, returning to the United States in 1988, to hold posts with Merrill Lynch, BankBoston and First Union National Bank, gaining valuable trust management experience prior to establishing ARIA. She is a frequent speaker on strategic investment and retirement planning for professional and public audiences.

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MEDIA CONTACT:

Mike Storiale, Marketing Assistant;  PH: 203-458-5478;  E-Mail: MStoriale@GSByourbank.com



SOURCE Guilford Savings Bank



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