Bowditch & Dewey, LLP Launches Investment Division October 7, 2002

News- economics and investments


BOWDITCH & DEWEY, LLP LAUNCHES B&D Advisors To Provide Independent Financial and Investment Advice and To Manage Investments

WORCESTER, MASS (September --, 2002) Bowditch & Dewey, LLP, an 87-year-old, Massachusetts-based law firm, announced today the launch of a full-service financial planning and investment management subsidiary, B&D Advisors, LLC. B&D Advisors is a Registered Investment Advisor, fully licensed to provide investment services and sell products ranging from stocks and bonds to mutual funds, insurance, IRAs, and 401(k) plans.

While some accounting firms and individual attorneys are licensed to sell investment products and services, Bowditch & Dewey is breaking new ground for law firms. The new subsidiary builds on the firm's trust department, which has provided sophisticated tax and estate planning services for over 50 years and currently manages nearly $250 million in assets. Three senior partners in Bowditch & Dewey's Trust Department, Michael D. Brockelman, Christopher G. Mehne, and John F. Shoro, are licensed as General Securities Representatives and will manage the new venture.

B&D Advisors provides professional and comprehensive investment advice, financial planning and investment management services. The firm's senior partners are seasoned trust and tax attorneys who have provided advice to corporate and individual clients for decades and have successfully completed the NASD Series 7 and Series 65 or 66 requirements.

"B&D Advisors was created by Bowditch & Dewey to meet the full range of our clients' financial and investment needs," says Michael Brockelman, director of the firm's Trust Department and Senior Financial Advisor at B&D Advisors. "Some other law firms offer financial advice, but until now, trust attorneys have stopped short of actually managing investments for individual clients."

According to Robert Longden, Managing Partner of Bowditch & Dewey, LLP, the new subsidiary is a logical extension of the firm's nearly century old tradition of service and independent counsel. "B&D Advisors is a breakthrough for our corporate and individual clients," says Longden. "The conventional method of managing investments forces many investors to rely separately on a tax planner, financial planner, estate planner, investment advisor, and broker for advice," adds Longden. "Now, for the first time, the attorneys who provide clients with tax strategies and estate plans can also, through B&D Advisors, provide independent financial advice and manage client investments. We are proud to be a pioneer in this area and to provide an innovate new way to serve our clients."

B&D Advisors, through its representatives, offers a complete range of investments from major providers such as Fidelity, MFS, Salomon Brothers Asset Management and nearly 12,000 mutual funds. It is not affiliated with any specific fund or security, so investment options are unlimited and based solely on the financial goals of each client.

One of Massachusetts' premier law firms, Bowditch & Dewey was founded in 1914 and has offices in Worcester and Framingham. B&D Advisors can be reached at 508-926-3660 or at its web site,