BAR HARBOR — Andrew Shea has been working here as an investment advisor for many years, but as of July 30, he went all in. He consolidated his business, formerly upstairs at 41 Rodick St., with Coston & McIsaac investment advisors to form a new entity, Coston, McIsaac & Shea Financial Advisors.
“We’re very excited about it,” M.J. McIsaac said. “We’ve been working with Andy for a number of years, making use of his insurance background, but also some of our tax clients are his investment clients. As time has gone by, we’ve enjoyed working with him so much we thought, ‘Why don’t we combine forces?’ Both sides will benefit a great deal.”
Coston & McIsaac recently took over the second floor of the old police building next door to the Lompoc. They switched office buildings with Fraser Associates Architecture, formerly Roc Caivano Architects, across the parking lot.
Shea has spent 17 years as part of Boston Partners Financial Group, splitting his time between Maine and Boston. “Andy will be resigning from his Boston Partners company but will keep his Boston clients,” McIsaac said. “Most of those clients want to be with him. He’ll be busy for the next few months making sure his clients understand what we’re doing and are comfortable coming aboard.”
Coston & McIsaac has had its own investment firm for 15 years, McIsaac said. “He has about the same number of clients as we do, so it’s a 50-50 thing. We’ll benefit from each other’s expertise.”
Shea said he appreciates Coston & McIsaac’s philosophy and the role they play in the economic vitality of the community. “They’ve quietly been a very strong option for their clients. They do it the right way, not trying to sell anybody anything,” he said. “They also do a lot of work in the community, whether quietly or actively on boards or endowments. It became clear that we would be better together than we are apart.”