Bay Colony Partners, a privately held independent retirement planning firm specializing in the development of process driven plans and strategies for companies and individuals has named Paul G. Escobar of Milton, MA, as senior vice president of its Wealth Management Division.
Escobar will taking a leading role in the firm's new Wealth Management practice, with a focus on further developing the firm's high and ultra high net worth management and planning segment.
Prior to joining Bay Colony Partners, Escobar, who has more than 20 years of investment management and retirement planning experience, was the Managing Director of Retirement Planning Services for US Wealth Management in Braintree, MA.
His extensive industry experience also includes senior level posts with the following Boston-based firms: State Street Global Advisors; Columbia Management Group; Standish Mellon Asset Management; and Mercer Investment Consulting.
Escobar maintains his FINRA 7, 66 and 65 securities licenses, holds an Accident/Health Insurance license and is an Accredited Investment Fiduciary. He was named to 401k Wire's "300 Most Influential DC Advisors" in 2009 and has authored a number of industry-related articles.
Escobar is a graduate of Yale University, with a Bachelor of Arts degree in Mathematics & Economics. He received his MBA from Cornell University. A resident of Milton, MA, Escobar enjoys golf, sailing, scuba-diving and time spent with his three children.
"We're pleased and proud to announce Paul to the critical role of Senior Vice President of our new Wealth Management practice," said Bob Auditore, a principal of Bay Colony Partners. "His remarkable industry experience and knowledge, combined with a proven commitment to excellence are certain to contribute to the success of this division; our entire team welcomes him."
About Bay Colony Partners:
Bay Colony Partners is a privately held independent retirement planning firm specializing in the development of process driven plans and strategies for companies and individuals. Viewed as a single source for both retirement and executive benefit solutions, the Bay Colony Partners approach is consultative rather than transactional and provides education-based advice and recommendations that originate from a position of knowledge and independence. Bay Colony Partners has its own RIA (Registered Investment Advisor) and broker-dealership, as well as its own insurance company, so that the advice and recommendations offered by the principals come without any obligation to a specific product or company. Services span a wide range of business/investment needs, from the "non-qualified" (non-tax-exempt) Executive Suite plans to the "qualified" (tax-exempt) 401K programs which provide retirement plan solutions and services for employers and their employees. From high-ranking executives to group 401K plans, Bay Colony Partners specializes in a proactive, strong, diligent approach to each client's needs. In a move that is rare in the industry, their 401K specialist, a principal in the firm, typically sits on the investment committee of client companies providing a greater level of support than is common in the industry. Their consultative approach has earned Bay Colony Partners the confidence of a wide and varied client base, including (on the Executive Suite side) a number of hospital and university executives and banking officials. On the 401K side the firm works with a wide range of companies to change the dynamic of 401K investments. Industry statistics point to the fact that 70% of 401K investors make only one choice and Bay Colony Partners seeks to educate clients to expect more and to be more diligent in selecting the right firm to partner with. Recently, Bay Colony Partners added a third component to their menu with the establishment of a Wealth Management practice. Founding principals Bob Auditore and Gary Cowles bring more than 50 years' combined experience to the practice. Bay Colony Partners is located at 400 TradeCenter, Suite 4880, Woburn, MA 01801. To learn more about Bay Colony Partners, please call 781-722-0005.