BOSTON, MA--(Marketwired - Sep 18, 2014) - Federal Street Advisors, an independent investment consultant and wealth management firm for individuals, families and nonprofit organizations, announced today that Eric Godes has joined the firm as COO and Chief Wealth Advisory Officer.

In this role Eric is responsible for the development and delivery of advice and service for the firm's clients. As a member of the leadership team he joins Kristin Fafard (Chief Investment Officer), who is responsible for the firm's research efforts and investment programs and Jennifer Murtie (President) who is responsible for overall business operations, strategic planning and marketing.

"I am thrilled to join the management team at Federal Street Advisors. The firm has an industry reputation for first class investment operations with proven results. Federal Street Advisors is well known in our industry for its integrity and its sophisticated solutions for high-net worth clients and their families," said Godes.

Mr. Godes spent over 21 years at Kobren Insight Management ultimately serving as President and Chief Operating Officer until the firm's sale to E*TRADE Financial in 2011. While at Kobren he was responsible for all operating divisions of the firm which included sales, marketing, trading, operations, compliance and client relationship management for high net worth individuals, families, foundations and retirement plans. Adviser Investments subsequently acquired Kobren and Godes served as Chief Operating Officer to ensure the firm's employees, clients, policies and procedures were seamlessly integrated into a new operational structure. Mr. Godes has also served as a consultant to the wealth management industry concentrating in operational efficiencies, organic and inorganic growth initiatives.

"Eric has the right skills to round out our leadership team," says Kristin Fafard. "With his extensive operational and client management background, his addition enables Jen and me up to focus more on our respective areas of expertise in business operations and investment management."

"We are very pleased to have Eric join the team," says Jen Murtie. "He's one of the few people who understands all aspects of our business from the ground up. Equally important, he shares the same dedication to timely high quality advice that has distinguished Federal Street Advisors in the marketplace. We know he's the right person to maintain that standard as we continue to grow."

About Federal Street Advisors

Federal Street Advisors provides conflict-free investment consulting and wealth advisory services to a select group of clients, with particular expertise in customized portfolio design, philanthropy, and working with large complex families. Its subsidiary, Old North Advisors, provides comprehensive wealth management services on a discretionary basis. Both firms work with high-net worth individuals, nonprofit organizations, and foundations and collectively oversee more than $4 billion in assets. For more information, visit

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