Location: Bethesda, MD
Specialty: Investments and financial planning services
Timothy C. Coughlin, CFP
Edgemoor Investment Advisors, Inc. provides investment management and financial planning services. Edgemoor conducts its own analysis and selects its own stocks and bonds for investment. The firm’s service is broad, covering investment portfolios, retirement plans, children’s education, taxes and other financial concerns. Timothy C. Coughlin, managing director, is a strong advocate of partnerships and referrals. “We have referred dozens of clients to home mortgage professionals. We have also referred clients to estate lawyers, CPAs, insurance agents and community bankers,” he says. Giving solid referrals builds a trusting relationship that often results in high client retention rates, he notes.
QUICK TIP: “Always follow the fiduciary standard.”
Coughlin has reached out to both current and potential clients by hosting forums during which Edgemoor gives presentations about current market conditions, the firm’s approach to investing, and dealing with the financial needs of individual investors. This has proved successful in growing Edgemoor’s assets under management. Outside Edgemoor, Coughlin is the chairman of the board of trustees for WETA public television and radio, and a trustee and co-chair of the development committee for the Washington National Cathedral. He is also a trustee of the Federal City Council and a director of the Economic Club of Washington.