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The investment management group of Rockland Trust has officially reached $4 billion in assets under administration. 

The bank made the announcement last week, adding that assets under administration grew nearly 16.5 percent year over year between the first quarter of 2018 and the first quarter of this year.   

“This is a tremendous achievement for the IMG team and is due in no small part to the strong relationships we’ve cultivated over the years with clients, families, businesses and centers of influence,” David B. Smith, CFA, managing director and chief investment officer at Rockland Trust, said in a statement. “We are excited about our future including the opportunity to build new relationships from our recent transaction of Blue Hills Bank. We look forward to building on our momentum to reach more clients and doing all we can to help them navigate their financial futures with ease.” 

Over the last year, Rockland’s investment group opened investment management offices in Hyannis and Worcester, added more than $160 million in assets under administration from its acquisition of The Milford National Bank and saw its investment team in Cape Cod surpass $500 million in assets.  

The investment group has more than 70 experienced professionals throughout nine investment offices located across Massachusetts in Boston, Edgartown, Franklin, Hanover, Hyannis, Milford, Osterville, Worcester and Providence, Rhode Island.