Boston Private Named Industry’s Best for Client Service by Private Asset Management
February 18 2021 - 8:45AM
Business Wire
Boston Private, a leading provider of integrated wealth
management, trust and banking services, today announced that the
company has won the 2021 Private Asset Management (PAM) Award for
Best Private Wealth Manager for Client Service among wealth
managers with more than $5 billion in assets under management.
Fund Intelligence’s PAM Awards recognize the top-performing
firms serving the private wealth community. Boston Private was
selected for this award based on client service, client longevity,
and the firm’s overall growth within the past year. Judging was
conducted by an independent panel of industry experts and was based
on both qualitative and quantitative performance measures.
“Clients are increasingly looking for advice-driven service, not
product-driven prescriptions, and the assurance that their
interests are always put first,” said Paul Simons, President of
Private Banking, Wealth & Trust for Boston Private. “They want
to feel like they’re an advisor’s only client without being limited
in the possibilities of what we can do for them. Boston Private is
able to deliver all of those things and we’re honored to have that
recognized with this award.”
In the last year, Boston Private saw its net promoter score
increase by a whopping 17% as compared to the previous year. The
percentage of clients who consider Boston Private their primary
financial partner increased 9%, and the customer effort score,
which measures the ease of doing business with the firm, increased
5%. These results indicate that Boston Private has continued to
deliver exceptional service despite the headwinds of this past
year.
In addition to the PAM award, Boston Private was recently
recognized by Barron’s as one of the 100 Best RIA Firms in America
and awarded Best Private Banking Boutique in the U.S. by
Professional Wealth Management, which is published by the Financial
Times.
The full list of 2021 PAM award winners can be accessed
here.
About Boston Private
Boston Private is a leading provider of integrated wealth
management, trust and banking services to high-net-worth
individuals, families, businesses and nonprofits.
For more than 30 years, Boston Private has delivered
comprehensive advice coupled with deep technical expertise to help
clients simplify their lives and achieve their goals. The firm
offers the capabilities of a large institution with the superior
service of a boutique firm to clients across the United States.
Boston Private is the corporate brand of Boston Private
Financial Holdings, Inc. (NASDAQ: BPFH). For more information,
visit www.bostonprivate.com.
Third-party rankings and recognition from
ratings services, or publications, are no guarantee of future
investment success. Working with a highly-rated adviser does not
ensure that a client or prospective client will experience a higher
level of performance or results. These ratings should not be
construed as an endorsement of the adviser by any client and they
are not representative of any one client’s evaluation. Generally,
ratings, rankings, and recognition are based on information
prepared and submitted by the adviser. Each reprint or e-print has
its own unique disclosures related to the criteria and requirements
for receiving such award and it is important for clients to
understand this when evaluating Boston Private Wealth LLC (BPW) and
its associated persons. Read more about award descriptions and
criteria.
Although BPW and its advisors do not pay fees
for awards or ranking, there are instances where BPW will pay for
reprints or advertising after receiving recognition. This
represents a conflict of interest for the firm issuing the award or
ranking, however, BPW believes the awards and rankings advertised
are bona fide.
Private banking and trust services are provided
through Boston Private Bank & Trust Company, a Massachusetts
chartered trust company. Wealth management services are provided
through Boston Private Wealth LLC, an SEC registered investment
adviser and a wholly-owned subsidiary of Boston Private Bank &
Trust Company. Some Boston Private offices do not offer all
services.
Investments are Not FDIC Insured, Not
Guaranteed and May Lose Value.
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version on businesswire.com: https://www.businesswire.com/news/home/20210218005219/en/
MEDIA CONTACT: Lucy Muscarella 617-912-4402
lmuscarella@bostonprivate.com
INVESTOR CONTACT: Adam Bromley 617-912-4386
abromley@bostonprivate.com
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