Boston Trust & Investment Management Company - A Message from the President

Welcome to Boston Trust & Investment Management Company. I have been privileged to be with Boston Trust since 1974, to serve as the Chief Investment Officer since 1980, and President and CEO since 1992. During this time, we have grown from a small trust department of a regional bank to an independent, employee-owned firm. From the beginning, we have sought to be an investment management organization that works hard to earn the loyalty of both our clients and our employees. This loyalty is evidenced by the long tenure of our team of professionals and the equally longstanding nature of so many of our client relationships. We are truly fortunate to be able to work in a company where colleagues and clients are also friends.

During more than thirty years of serving individuals and institutions in New England and around the country, we have come to recognize that helping clients achieve their financial goals involves more than choosing stocks and bonds. The unique financial picture of an individual or family stems from many factors, including the accumulation of earned assets, a sizeable inheritance, sudden liquidity stemming from the sale of equity in a closely held business, or a child in need of lifetime support. Similarly, retirement plan sponsors or the trustees of an endowment may encounter investment challenges that are caused by changing demographics, rising costs, or other unforeseen events.

Over time, the investment team at Boston Trust has established and continues to adhere to an investment philosophy that stresses careful consideration of asset allocation and portfolio diversification with a focus on the securities of high quality companies. Our investment performance has resulted in competitive returns over the long term, marked by participation in rising markets and the conservation of capital in falling markets.

If you are an individual investor or an organization seeking to have your social and ethical priorities reflected in your investments, Walden Asset Management, a division of Boston Trust, has been supporting socially responsive investors for over three decades. You can find out more about this important aspect of our company by visiting the Walden Asset Management website.

On behalf of all of us at Boston Trust, I thank you for your interest.