Press Release

Burns & Levinson Asset Management Adds Lazard Asset Management for Investment Services

February 8, 2011

   
Burns & Levinson Asset Management, an investment advisory firm, today announced that it is offering clients a broader array of investment advisory services through a new arrangement with Lazard Asset Management, a global asset management firm. Burns & Levinson Asset Management’s clients will have access to Lazard Asset Management’s Global Asset Allocation investment models, intellectual capital and investment personnel. The investment advisory services of Lazard Asset Management adds to the investment opportunities currently offered by Burns & Levinson Asset Management and complements the personalized services currently offered to its clients. “In our efforts to best serve clients, the access to Lazard Asset Management will be a very attractive addition to a client’s portfolio strategy,” says Mark A. Nowak, a member of Burns & Levinson Asset Management’s Investment Policy Committee. “This new service provides additional opportunities for our diversified clientele,” says Rand G. Folta, Chief Investment Officer at Burns & Levinson Asset Management. “We are excited to have this available as we work with clients in crafting their investment portfolios,” he added. Burns & Levinson Asset Management, a subsidiary of Burns & Levinson LLP, is a registered investment adviser providing comprehensive individualized approaches to long-term, tax conscious, investment management of equity and fixed income portfolios. Lazard Asset Management LLC is a global asset management firm with $129.5 billion in assets under management as of 9/30/10 and over 150 investment professionals across a full range of investment strategies, including US equities and fixed income, global equities and fixed income, emerging markets, alternative investments and multi asset strategies. Lazard Asset Management incorporates its various investment capabilities with a progressive, forward looking asset allocation methodology to provide clients with portfolio solutions constructed to meet specific goals and objectives. Lazard, one of the world’s preeminent financial advisory and asset management firms, operates from 41 cities across 26 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating back to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. Burns & Levinson Asset Management is registered as an investment adviser with the Securities and Exchange Commission and the Securities Division of the Secretary of State of the Commonwealth of Massachusetts. B&L Asset Management LLC d/b/a Burns & Levinson Asset Management.

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