Hartford-based investment management firm Bradley, Foster & Sargent (BFS) brought in new leadership and additional staff in the past two years as the portfolios it manages ballooned to more than $6 billion.
A handful of majority shareholders also allowed management and longtime staff to buy greater portions of the company to ensure loyalty and longevity.
Company leaders say the maneuvers are part of a “BFS 2.0” strategy shift, intended to prepare the 27-year-old firm for the coming two decades as founders and other leaders age into retirement.