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W W W. M A I N E B I Z . B I Z 19 F E B R UA R Y 2 0 , 2 0 2 3 F O C U S W E A LT H M A N A G E M E N T / R E T I R E M E N T and advice partner wholly owned by Emigrant Bank, made a capi- tal investment in F.L.Putnam. e investment will help add staff, expand capabilities and acquire other firms, says Manning. Recent hires include wealth management professional Jill Hibyan in Portland. Since 2019, the firm has grown from 47 employees and $2.1 billion in assets under management to 84 employees and $4.4 billion in assets under management for over 1,400 clients. Headquartered in Wellesley, Mass., its largest office is Portland, with 19 employees. "We're in conversations with a number of individuals in Maine who could potentially become part of our company in the coming months," Manning adds. And future acquisitions are envi- sioned. "We're looking at new geogra- phies and new opportunities," he says. Conscious capitalism Just three years since it debuted, Portland independent wealth manage- ment firm Great Diamond Partners has ambitious plans for growing the number of employees, clients and assets under management. A 10-year strategic plan completed last November includes a mix of hiring, promotion, talent optimization and a commitment to "conscious capitalism." "When it comes to growth, we want to have an even greater impact on our key stakeholders — our clients, employees, owners, strategic part- ners and the community," says Steven Tenney, the firm's CEO. In 2019, four former UBS Financial Services bankers led by Tenney launched Great Diamond Partners. In 2022, the firm promoted found- ing team member and CFO Helen Andreoli to president to oversee day- day-day operations at the firm. Andreoli's promotion leans into personnel strengths, says Tenney, a founding partner. "We're leaning on our strengths in terms of where Helen and I focus," Tenney says. "She's dealing with day-to- day operations and I'm focused more on strategic direction." e firm is working on hiring other advisors. "ese are advisors at the associ- ate level — newer, younger — or the well-established level, people coming with one or two decades of experience, who can support the team and move the whole firm forward," says Tenney. MODERN WEALTH DESERVES A MODERN MINDSET. We are a multi-generational wealth management firm. We define success by our positive impact on people's lives. We are Honest, Independent, Experienced. We are Back Cove Financial. SECURITIES AND ADVISORY SERVICES OFFERED THROUGH THE COMMONWEALTH FINANCIAL NETWORK®, MEMBER FINRA/SIPC, A REGISTERED INVESTMENT ADVISOR. (207) 541-9500 56 DEPOT ROAD, FALMOUTH, ME 04105 BACKCOVEFINANCIAL.COM AINSWORTH, THELIN & RAFTICE, P.A. 7 OCEAN STREET, SOUTH PORTLAND, MAINE 04106 207-767-4824 WWW.ATRLAW.PRO Congratulations, Jake! Ainsworth, Thelin & Raftice, P.A. is pleased to announce that it has elected Attorney Jacob (Jake) Bowie as its newest shareholder, effective January 1, 2023. Jake practices in ATR's Commercial and Business, Construction, and Real Estate groups. Jake has a diverse practice, including corporate formation and advising, mergers and acquisitions, lender financing representation, real estate devel- opment and acquisitions, and construction litigation for large, national and regional general contractors, local contractors, and subcontractors. Jake is a talented attorney providing excellent counsel to his clients. Jake earned his Juris Doctorate from the University of Maine School of Law and his B.A. from Bucknell University, and he is admitted to practice in the state of Maine, the Commonwealth of Massachusetts, and the United States District Court for the District of Maine. " I am pleased to join the ownership group at Ainsworth, Thelin & Raftice. Since joining the firm in 2016, I appreciate the way ATR cares for its clients and employees, and look forward to carrying on that tradition." C O N T I N U E D O N F O L L OW I N G PA G E »