Crestwood Advisors Names New Partner, Promotes Staff

Crestwood Advisors Names New Partner, Promotes Staff

FOR IMMEDIATE RELEASE

New England RIA firm committed to growth from within

Boston, Mass. (January 6, 2022) – Crestwood Advisors (“Crestwood”), a boutique investment advisory and wealth management firm based in Boston, is excited to announce newly-appointed firm Partner Leigh Hurd, CFA, as well as the promotions of three other teammates:

“Our greatest asset is our people. We’re proud to foster an environment that champions growth from within and we are committed to recognizing and rewarding our team’s talent and integrity with opportunities for advancement and self-improvement,” said Crestwood CEO/Managing Partner Michael Eckton.

Hurd joined Crestwood as a Portfolio Manager and Director in 2013. She has spent close to 20 years building relationships with individuals and families to help structure their investment portfolios to meet their life goals. She holds the Chartered Financial Analyst designation and is a member of the CFA Society Boston and the CFA Institute. She earned her bachelor’s and master’s degrees from Boston College’s School of Management.

“Crestwood is extremely pleased to share the news of Leigh’s partnership, as well as the promotions of Kayla, Peter and Brandon. Together and individually, each of our team members are willing to adapt, learn and evolve – all in the name of putting clients first through our recommendations and actions,” said John Morris, Managing Partner and Wealth Manager.

Over the past three years, the firm has doubled to a total of 42 fiduciary professionals who strive to meet clients wherever they are in life and provide guidance, tools and solutions to help them succeed. Strategic hires and opportunities for internal advancement have poised Crestwood for continued growth in years to come.

Crestwood CEO talks talent recruitment initiatives in challenging labor market with Barron’s Advisor

Crestwood CEO talks talent recruitment initiatives in challenging labor market with Barron’s Advisor

It’s not just a seller’s market for RIA owners, but also for advisors looking for a change. The demand for CFPs and CFAs continues to rise, and leading firms are implementing new initiatives to attract and retain employees. CEO Michael Eckton recently spoke with Barron’s about how Crestwood Advisors is remaining flexible and adjusting to the current work environment to grow its team. Read the full story here.

Crestwood Advisors Named to Barron’s Top RIAs List 2021

FOR IMMEDIATE RELEASE

Boston-based firm earns spot on prestigious annual list for second year in a row

Boston, Mass. (September 20, 2021) – Crestwood Advisors (“Crestwood”), a boutique investment advisory and wealth management firm based in Boston, today announced for the second year in a row it has earned a place on Barron’s list of the top 100 RIA firms in the country. The firm ranked 81st on the list, jumping four places ahead of its 2020 ranking.

Experiencing continued growth, Crestwood – a team of 40+ financial planning and investment professionals – currently oversees approximately $4.7 billion in total assets under management. To be considered for Barron’s list, firms are required to have at least $1 billion in assets under management.

Released annually, the Barron’s RIAs list recognizes the top 100 independent wealth management firms across the country. Placements are based on a detailed questionnaire, firm technology spending, staff diversity and succession planning.

“Our team’s grit and determination to provide nothing short of the very best outcomes for our clients has led us to experience exceptional growth opportunities over the last year,” said Michael Eckton, Crestwood CEO and Managing Partner. “Our boutique firm continues to compete and compare to the biggest firms across the country. We’re proud to earn such prestigious recognition for our diligence and commitment to simplifying the complexities of wealth and helping our clients invest with purpose.”

To read more on the methodology of the award please click here.

Please see Crestwood Advisors important disclosures regarding awards and recognition’s here.

 

Crestwood Advisors Expands Team by 25% During Pandemic, AUM Has Doubled in Two Years

Crestwood Advisors Expands Team by 25% During Pandemic, AUM Has Doubled in Two Years

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Boutique RIA firm experiences continued growth with additional hires in Darien and Boston offices, outlines future expansion goals

Boston, Mass. (April 12, 2021) – Crestwood Advisors (“Crestwood”), a boutique investment advisory and wealth management firm based in Boston, today announced it has eclipsed two key milestones in its strategic growth plan.

In two years’ time, Crestwood has more than doubled its assets under management. During the pandemic, the firm has also expanded its team by 25% to support growing client needs.

The newest team additions include Charles W. Tricomi Jr., Hillary Urbancic-Davis and Nathan Gore.

Charles W. Tricomi, Jr., CFA, CFP® | Charles joins Crestwood as a Portfolio Manager, working out of its Darien, Connecticut office. He brings CFA & CFP® designations as well as 7+ years of wealth management experience to his role.

Hillary Urbancic-Davis, CPWA® | Hillary joins Crestwood at its headquarters as a Client Advisor. She possesses 7 years of direct client engagement experience with high-net-worth families. She holds a CPWA designation and is pursuing a CIMA designation.

Nathan Gore | Nathan joins Crestwood at its headquarters as an in-house Technology Specialist. He is a Certified Salesforce Administrator and brings a vast technical background to his role at the firm.

Committed to holding itself to a standard of fiduciary excellence, these strategic additions will aid Crestwood in its mission of developing client strategies that seek to protect, preserve and grow wealth. Now equipped with a team of 41 financial planning and investment professionals across its three offices, Crestwood has hired eight people over the past year.

“We’re thrilled to see our team growing and thriving,” said Crestwood CEO/Managing Partner Michael Eckton. “As we continue stewarding the most advantageous financial solutions for our clients through the growth of our staff, we’re also setting our sights on market growth, with a focus on enhancing Crestwood’s footprint in the Connecticut region and across the New England region.”

In 2019, Crestwood merged with Westport-based Catamount Wealth Management and MacGuire, Cheswick & Tuttle Investment Counsel in Darien to expand its footprint into Connecticut and broaden its team.

The mergers have helped the firm grow to three offices that now manage approximately $4.17 billion in assets, as of March 31, on behalf of high-net-worth individuals and families. Two years ago, Crestwood had approximately $1.99 billion in assets under management.

Crestwood continues to experience increased client growth and greater demand for more holistic financial planning services and investment strategies, which could fuel additional staffing needs.

“We’re optimistic about the significant progress we’ve made over the past two years, and hope to continue in this direction by attracting talent organically and acquiring it,” Eckton said.

Crestwood’s executive team remains active in its recruiting efforts of wealth management professionals from New York to Maine, including financial planners and portfolio managers, to further enhance client support and achieve results that meet current and future objectives.

Crestwood Fosters Talent Expansion – From A Distance

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Remote work success allows firm to continue along growth trajectory

Boston, Mass. (January 21, 2021) – Crestwood Advisors (“Crestwood”), a boutique investment and wealth management firm with offices in Massachusetts and Connecticut, today announced recent additions to its team of financial professionals and expansion plans for 2021.

Since switching to a remote work model in 2020, Crestwood has made five hires, including four at the end of the fourth quarter.

The latest team additions include:

“When the pandemic began, we weren’t sure how going virtual would impact team expansion, but we adapted quickly and it has worked in our favor as there has been a dramatic uptick in financial professionals who are looking for added flexibility, including remote work options,” said Crestwood CEO/Managing Partner Michael Eckton.

“Dynamic firms like Crestwood, who have embraced technology and the flexible work environment that will likely remain in place, may continue to have a competitive advantage in the recruitment and retention of employees,” Eckton added. “We’re thrilled to welcome our new teammates to add depth and expand client engagement in 2021.”

Increasing demands from high-net-worth individuals and families for comprehensive financial planning services and investment strategies has allowed Crestwood to continue growing. With its recent additions, the firm has surpassed 40 employees across three regional offices.

Crestwood leaders remain active in their remote recruiting efforts of wealth management professionals, including financial planners and portfolio managers to further enhance client support and achieve results that meet their current and future growth objectives.

 

About Crestwood Advisors
Crestwood Advisors is an independent, fee-only, wealth management firm with approximately $4 billion in assets under management. Founded in 2003, Crestwood Advisors provides investment management with financial planning strategies to help high-net-worth individuals and families identify and prioritize their goals and build sustainable wealth so that they may enjoy more financially secure and purposeful lives. For more information, please visit https://www.crestwoodadvisors.com.

Crestwood CEO Joins Lenny Zakim Fund Board of Directors

Crestwood CEO Joins Lenny Zakim Fund Board of Directors

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Eckton looks to help Boston-based grassroots organization advance mission with further involvement

Boston, Mass. (January 4, 2021) – Crestwood Advisors (“Crestwood”), a boutique investment and wealth management firm based in Boston, today announced that CEO and Managing Partner Michael Eckton has joined the Lenny Zakim Fund (“LZF”) board of directors.

Eckton will serve an initial three-year term on the board of the Boston-based nonprofit organization. Having supported the Lenny Zakim Fund on a personal level for more than a decade, Eckton asserts his involvement stemmed from his strong belief in the organization’s mission of achieving social, racial and economic justice for all.

Over the past 10 years, Eckton has served as a site visitor, bridge builder and volunteer on internal committees with LZF, including those tasked with allocating funds to grantees.

“For 25 years, the Lenny Zakim Fund has played a vital role in grant making to address the countless needs in our local communities, and I’m honored to play a small part in encouraging and highlighting the ongoing work being done by LZF and its leadership team,” Eckton said. “I’m committed to doing my part to uplift our grassroots community organizations who are forever challenged and especially struggling under the current circumstances.”

 Supporting the community is also a central part of Crestwood Advisors’ mission. Under Eckton’s leadership, the firm embraces the opportunity and responsibility to support the communities in which its team works and lives through leadership, volunteer or financial contributions.

“Joining the board of the Lenny Zakim Fund is a wonderful opportunity to help continue acknowledgment and support of social issues, and directly help disadvantaged populations,” Eckton said.

Crestwood Advisors Named to Barron’s List of Top 100 RIA Firms 2020

FOR IMMEDIATE RELEASE

Boston-based investment and wealth management firm adds to 2020 accolades for ongoing growth

Boston, Mass. (September 17, 2020) – Crestwood Advisors (“Crestwood”), a boutique investment and wealth management firm based in Boston, announced today it has been named to Barron’s 2020 list of the top 100 RIA firms in the United States.

The annual Barron’s RIA list recognizes the top independent wealth management firms from across the U.S. The rankings formula is based on a detailed questionnaire and several other factors, including technology spending, staff diversity and succession planning. To be considered for the list, firms are required to have at least $1 billion in assets under management.

“To be included on such a prestigious list is an honor for us at Crestwood. It’s a testament to the hard work and dedication our team continues to deliver to clients to help achieve their long-term financial goals,” said Michael Eckton, CEO and Managing Partner. “As we continue to operate in one of the most competitive RIA markets in the country, achieving recognition for our firm’s efforts is no small feat.”

Crestwood continues to receive industry accolades for its ongoing growth, having recently been named to the 2020 edition of the Financial Times 300 Top Registered Investment Advisers list. Financial Advisor Magazine also named Crestwood No. 11 on its list of the 2020 Top 50 Fastest-Growing Firms.

In 2019, Crestwood completed two mergers with Connecticut-based firms, combining first with MacGuire, Cheswick & Tuttle Investment Counsel LLC in Darien and later Catamount Management Group in Westport.

These mergers allowed Crestwood to expand its regional footprint and achieve robust, organic growth as a firm. Crestwood’s team has grown to nearly 40 professionals managing $3.7 billion in assets on behalf of high-net-worth individuals and families.

To read more on the methodology of the award please click here.

Please see Crestwood Advisors important disclosures regarding awards and recognition’s here.

 

Crestwood Advisors Named to 11th Spot on Top 50 Fastest-Growing RIAs List 2020

FOR IMMEDIATE RELEASE

Boston-based independent wealth advisory firm recognized for 2019 growth

Boston, Mass. (August 13, 2020) – Crestwood Advisors (“Crestwood”), a boutique investment and wealth management firm based in Boston, is pleased to announce it has been named No. 11 on Financial Advisor’s 2020 Top 50 Fastest-Growing Firms list.

The FA Top 50 list recognizes top independent wealth management firms from across the U.S. based on their yearly growth. In 2019, Crestwood completed two mergers with Connecticut-based firms, combining first with MacGuire, Cheswick & Tuttle Investment Counsel LLC in Darien and then Catamount Management Group in Westport.

These mergers allowed Crestwood to expand its regional footprint and achieve robust, organic growth as a firm. Crestwood’s team grew to 35 professionals managing $3.3 billion in assets on behalf of high-net-worth individuals and families.

Additionally, Crestwood was named No. 116 of 551 firms on FA’s 2020 RIAs ranking.

“We’re proud of the exponential growth we’ve achieved over the past year. It’s a direct result of the hard work every individual at Crestwood has put forth to serving our clients and fostering firm expansion across our regional market and beyond,” said Michael Eckton, Crestwood CEO and Managing Partner. “It’s a true honor to be included on such a prestigious list. We express our gratitude to the talent of our staff and support of our clients for helping us achieve this milestone.”

Please see Crestwood Advisors important disclosures regarding awards and recognition’s here.

Crestwood Advisors Makes Financial Times Top 300 RIAs List 2020

 FOR IMMEDIATE RELEASE

Independent wealth advisory firm earns elite national recognition

Boston, Mass. (August 11, 2020) – Crestwood Advisors (“Crestwood”), a boutique investment and wealth management firm based in Boston, is pleased to announce it has once again been named to the 2020 edition of the Financial Times 300 Top Registered Investment Advisers list.

The FT 300 list, which is its seventh year of production this year, recognizes top independent RIA firms from across the U.S. RIA firms can apply for consideration if they meet a minimum set of criteria.

Applicants are rated on six factors: assets under management (AUM); AUM growth rate; years in existence; advanced industry credentials of the firm’s advisers; online accessibility; and compliance records. There are no fees or other considerations required of RIAs that apply for the FT 300.

“Crestwood is honored to again be recognized by the Financial Times as one of the top RIAs of the year,” said Michael Eckton, Crestwood CEO and Managing Partner. “These firm-wide acknowledgments are the only kind of awards we pursue, and it is truly a testament to the team’s collective efforts to be recognized as one of the elite RIAs in the country. I’d like to thank and congratulate our team on its continued efforts on behalf of our clients.”

 

Disclosures 
The Financial Times 300 Top Registered Investment Advisers is an independent listing produced annually by Ignites Research, a division of Money-Media, Inc., on behalf of the Financial Times (July 2020). The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT’s research. The listing reflected each practice’s performance in six primary areas: assets under management, asset growth, compliance record, years in existence, credentials and online accessibility. This award does not evaluate the quality of services provided to clients, is not indicative of the practice’s future performance and may not be representative of any one client’s experience.  Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.

Please see Crestwood Advisors important disclosures regarding awards and recognition’s here.