KENNEBUNK, MAINE – Kennebunk Savings announced today that it had reached a definitive agreement to sell the assets and operations of Kennebunk Investment Services to Ryan Hale, John Gurski and Paul Wolf, the current management team at the firm, as of July 31, 2017. Started in 2006 by Kennebunk Savings to meet the needs of its customers seeking investment planning services and advice, Kennebunk Investment Services has built a strong base of customers who have enjoyed the benefits of working with a skilled group of financial advisers.
In discussing the sale, Kennebunk Savings President and CEO Bradford C. Paige said, “While we have enjoyed success with the Kennebunk Investment Services operation, after careful thought we’ve come to realize that our clients will be best served by an independent organization. Ryan, John and Paul have been with Kennebunk Investment Services since its start in 2006 and have become known by their clients for their advice and results. This transaction is happening on the best of terms and we will continue to count on Kennebunk Investment Services as a valued partner in meeting the investment and planning needs of our customers.”
Paul Wolf, current President of Kennebunk Investment Services, commented, “Our established partnership with Kennebunk Savings has been truly rewarding over the years. This new chapter, however is an exciting transition for our team, one which we believe will allow us to have greater autonomy and thus provide a more defined role for our clients.”
Kennebunk Investment Services offices will be located at 50 Portland Road in Kennebunk and in Kittery at 4A Shapleigh Road.
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*As reported in Financial Planning Magazine, June 1996-2016, based on total revenue.Securities and advisory services offered through LPL Financial. A registered investment advisor, member FINRA/SIPC.
Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured Kennebunk Savings Bank deposits and are not FDIC insured. These products are not obligations of the Kennebunk Savings Bank and are not endorsed, recommended or guaranteed by Kennebunk Savings Bank or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.