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Boston Private Named Industry’s Best for Client Service by Private Asset Management
February 18, 2021 GMT
BOSTON (BUSINESS WIRE) Feb 18, 2021
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.
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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.
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HoldCo Asset Management, LP and its managed funds (collectively, “HoldCo”), which own 4,049,816 shares of common stock of Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (“Boston Private,” “BPFH,” or the “Company”), representing approximately 4.9% of the Company’s outstanding shares, today announced that it has submitted a notice of its intention to nominate up to five highly-qualified candidates for election to the Boston Private Board of Directors (the “Board”).
Vik Ghei and Michael Zaitzeff, Co-Founders of HoldCo, said, “We agree with the Board of Boston Private that the best way to maximize value for shareholders is to pursue a sales process. It is critical, however, that any such process be carried out with integrity and appropriate oversight. Based on what we know at this stage, we do not believe that this was true of the process that led to Boston Private’s agreement