Wescott Financial Advisory Group Grows with Acquisition of Pennsylvania Firm
Goodstein & Associates to join Philadelphia firm ranked No. 1 in Pennsylvania by Barron’s
PHILADELPHIA, April 1, 2015 — Wescott Financial Advisory Group today completed the acquisition of Goodstein & Associates, a wealth management firm in Fort Washington, Pennsylvania.
Ranked as the No. 1 advisory firm in Pennsylvania and No. 22 in the nation by Barron’s, as well as No. 3 in the nation by CNBC, Wescott continues to grow and solidify its place as a leader in the financial services industry at the local and national levels.
The transaction adds 100 clients with $120 million in assets under management to Wescott’s portfolio, bringing its total to 525 clients.
“We look forward to welcoming Goodstein & Associates’ clients to the Wescott family,” said Grant Rawdin, founder and CEO of Wescott. “The needs of Goodstein’s clients are very familiar to us, so they can be assured that we understand how to continue to help them achieve their financial goals. As the entire G&A team will be joining us, there will be a smooth transition into our systems for our new clients while they also receive the added benefits and resources that all our Wescott clients enjoy.
Goodstein & Associates was founded in 2004 by Sandra E. Goodstein, who will remain at Wescott as Managing Director and Senior Financial Advisor . Wescott will maintain Goodstein’s staff of three employees and expand its current Fort Washington office.
“Joining the Wescott team allows me to focus on my clients, the part of the job I love the most,” Goodstein said. “I trust Wescott to masterfully handle the client services and operations of the firm, as well as the demands of marketing, compliance, human resources and technology. I have known Grant since the start of Wescott in 1987 and am very excited to be part of clearly one of the best firms in the nation.”
As part of Wescott, Goodstein’s clients now have access to dedicated investment research specialists and a multi-disciplined staff, including many with legal, accounting and business backgrounds who provide a host of services, as well as access to Wescott’s offices in Philadelphia, Boca Raton, Miami and San Francisco.
The acquisition continues the firm’s strategic effort to expand regionally in the Philadelphia and South Florida markets.
“We have grown at an above average industry rate the past several years, through new clients joining us directly, and new advisors joining us and bringing their clients. Even as Wescott grows, we do not and will not lose our focus on achieving the goals of each of our clients,” Rawdin said. “They are the driving force of our business and the passion of each one of us. ”
About Wescott Financial Advisory Group LLC
Wescott Financial Advisory Group LLC is a relationship-driven, empathetic, independent wealth management firm committed to providing individuals and institutions with unmatched caring and expertise to achieve their clients’ goals. The company’s diverse team members are experts in investments, law, accounting and business, and hold a wide range of industry-acclaimed credentials that enable them to offer thoughtful and personal advice to their clients. Wescott is one of the top wealth management firms in the nation, as ranked by CNBC, Barron’s and Financial Advisor magazine. Founded in 1987, Wescott has offices in Philadelphia, Boca Raton, Miami and San Francisco. For more information, visit wescott.com and follow them on Twitter @WescottFin.
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