BelofskyRichard Belofsky of Arlington

Richard Belofsky of Arlington has earned the designation of "five-star wealth manager" -- and this is the 13th consecutive time he has received this honor, the Bulfinch Group has announced. 

The award is given annually to financial managers identified through research conducted with peers and firms. The program analyzes internal and external research data, including a survey to more than 3,000 registered financial-services professionals and all such companies locally registered with FINRA or the SEC, to select each year’s winners. Nominated wealth managers who satisfy 10 eligibility and evaluation criteria are awarded this title.

“On behalf of all The Bulfinch Group, we congratulate Richard on earning the prestigious Five-Star Wealth Manager designation, which recognizes exemplary client service, knowledge and professionalism in the financial services industry,” said Seth Medalie, Bulfinch Group president, in a statement.

 Belofsky is a registered representative and financial adviser of Park Avenue Securities, 160 Gould St., Suite 310, Needham, as well as the Guardian Life Insurance Co.

The Bulfinch Group is not an affiliate or subsidiary of PAS or Guardian.

The Bulfinch Group said in a news release that it is committed to providing the highest level of service and experience, as well as continuing to make a positive and lasting impact in the communities it serves. With a client-centric focus, it says, it works to help protect wealth from risks such as market volatility, erratic interest rates and the potential for insufficient assets – all threats to long-term financial stability.

Founded in 1994, The Bulfinch Group is a financial-services firm headquartered at 160 Gould St., Needham. It also operates Bulfinch Business Solutions, a division devoted to succession planning for smaller, privately held businesses, and employee benefits, including 401(k) plans and group medical, dental and life insurance, for businesses of all sizes. For more information, call 781-449-4402 or visit

This news announcement was published Sunday, Feb. 25, 2024, based on information from Christie Kozak. YourArlington volunteer Kim Haase prepared it for publication.