We are pleased to share the news that Edgemoor Investment Advisors was cited as a high-performing firm in Fidelity Investments’ 2013 benchmarking survey, as reported in a recent article (“High performers pitch well, run a tight ship, Fidelity survey finds,” Investment News, February 10, 2014).
Fidelity conducts an annual benchmarking survey of independent advisory firms, gathering data related to client retention, operational efficiency, asset growth, and other metrics. In its 2013 study, Fidelity determined that Edgemoor ranked in the top tier of firms. Following are highlights from the article:
…Timothy C. Coughlin, a managing director at the firm, said the fact that Edgemoor receives all new business through referrals has been a key to its success.
He said it’s much easier to approach someone who comes in after a person they know and respect has suggested Edgemoor would be a good investment manager for them. Like most high performers, Edgemoor closes most clients in two meetings or less, he said.
“When a prospect comes in from a good recommendation, they are very quickly able to size us up and determine if they’d like to come or not,” he said.
Edgemoor also focuses its efforts on its core mission of researching investments for clients, not on other activities like marketing, he said.
Thanks to all who have referred friends and family to us over the years.